...that positive signs in the economy will reveal their claims of Obama's economic failure to be BS. This, the latest data, is from May.
INCREASE IN NEW ORDERS FOR MANUFACTURED GOODS Durable goods orders in May were a buoyed by 5.8 percent bounce back in transportation equipment, with motor vehicle orders rising 0.6 percent after plunging 5.3 percent the previous month.
That suggested some improvement in auto production, which has been hit by a shortage of parts from Japan.
Excluding transportation, durable goods orders increased 0.6 percent after a 0.4 percent fall in April.
Outside of transportation, orders for machinery, primary metals, capital goods, electrical equipment and appliances, and computers and electronic products all rose.
Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending, rebounded to increase 1.6 percent last month after a 0.8 percent fall in April. Economists had expected a 1.0 percent increase.
"Business continues to spend on new equipment, the only mystery is why they are not adding to staff to run the machines they are buying," said Chris Rupkey, chief financial economist at the Bank of Tokyo-Mitsubishi UFJ in New York.
OVERALL ECONOMY CONTINUES TO GROWThe economy grew at an annual rate of 1.9 percent in the first quarter, the department said in another report, up from a previously estimated 1.8 percent. That marks a sharp slowdown from the 3.1 percent rate in the fourth quarter.
http://beta.news.yahoo.com/first-quarter-gdp-revised-1-9-percent-124051350.html
P.S. Strike, those headline colors above are for you!!