Durable Goods Up 2.5%, Biggest Gain Since July 2006

Stripping out transportation, orders for durable goods were up 2.5% in April when analysts expected a drop of 10%!  Overall, orders were down, but primarily due to aircraft orders taking a plunge of over 24%.

The article even states it’s getting harder and harder to suggest we’re in a recession.  I have a hard time seeing it from my hometown.  When I visit our local shopping malls, and electronic retail stores, I see them bustling with activity, and checkout lines full of customers.

As long as we continue in our state of consumerism, it is my feeling that once the rebate checks start finding their way to Circuit City, Best Buy, Lowes, Home Depot, we’ll see a bigger lift for May and June.

It had been a dry week finding positive news about our economy, but so far this week, it’s been more abundant.

Read more:

http://www.reuters.com/article/businessNews/idUSN2739793820080528?feedType=RSS&feedName=businessNews