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Durable goods orders fell sharply in July.
An unexpected jump in orders for durable goods is a great sign for manufacturing and the economy.
Durable goods encompass a broad swath of the economy and tend to be items consumers forgo in tough times.
Durable goods — like computers and equipment — are one way to measure for how much companies are investing in future growth. In word: They're not. Durable goods orders were down more than a percent in June — the most in five months.
Consumer spending was the big surprise of the morning. The government said Americans spent 0.8 percent more in February.
Durable goods, ranging from computers to refrigerators to planes, fell in January. But it doesn’t necessarily mean the economy is sputtering.
Durable goods purchases were up in December, reinforcing the feeling that the economy is making a recovery. Should we believe the hype?
