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The Home Depot, Inc. Message Board

  • retailcollapse retailcollapse Feb 28, 2012 10:58 AM Flag

    Durable goods orders collapsed >>

    THis can't be good news for HD can it ?
    does hd sell durabel goods ?
    do you think next quarter hd will have better earnings ?
    will you be snookered out of your gains ?

    "Shipments of non-defense capital goods orders excluding aircraft, which go into the calculation of gross domestic product, fell 3.1 pe rcent in January, the biggest decline since April 2009."

    Durable WASHINGTON (Reuters) - New orders for long-lasting U.S. manufactured goods fell in January by the most in three years as d emand slumped across the board, suggesting the economy started the year on weaker footing than expected.
    Durable goods orders drop ped 4 percent, the biggest decline since January 2009 when the country was still mired in a deep recession, accordi ng to Commerce Department data on Tuesday.
    "It is not a great start to January," said David Watt, a currency strategist at RBC Capital in Toronto. range from toasters to big-ticket items like aircraft, which are meant to last three years and more.
    Excluding transportation, orders fell 3.2 percent. Eco nomists had expected that reading to be flat. Machinery orders dropped 10.4 percent, the largest decline since January 2009.
    Major U.S. stock indexes opened mixed, while prices for U.S. government bonds rose.
    Non-defense ca pital goods orders excluding aircraft, a closely watched proxy for future business investment, fell 4.5 percent, the steepest drop in a year.

    Orders for motor vehicles edged up 0.9 percent.
    Shipments of non-defense capit al goods orders excluding aircraft, which go into the calculation of gross domestic product, fell 3.1 percent in January, the biggest decline since April 2009.

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