Slowing Economy
Posted on May 26, 2008
Filed Under Ekonomy |
The Commerce Department reported that business orders for machinery, computer equipment, and the like increased 3.4 percent in March, which was better than the 2.4% increase in February and much better than the 8.8 percent decrease in January. Wall Street celebrated because businesses were spending more, which meant more confidence in the economy.
When compared to last year, March durable goods orders actually declined by 2 percent, worse than February’s year-over-year decline of 0.4 percent, and January’s increase of 2 percent.