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Wednesday, March 28, 2007

Big-Ticket Orders Up in Feb.

Orders to factories for big-ticket manufactured goods posted a disappointing increase in February that raised new worries about the strength of the economy.
Demand for durable goods increased by 2ред5 percent in February, the Commerce Department reported Wednesday. It was a weaker-than-expected rebound from a huge 9.3 percent drop in orders that occurred in January.
That January decline jolted financial markets around the world and contributed to a 416-point drop in the Dow Jones industrial average on Feb. 27 as investors grew more worried about a possible recession this year.

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