Momentum in the Economy Increased at End of Year
February 1, 2012 at 5:10 am Leave a comment
Last week, reports about the US economy indicated that the increased economic activity toward the end of 2011 has spilled over into 2012. New orders for manufactured goods have been on the rise and business investments are springing back, both indications that the economy pointing toward recovery.
According to the US Commerce Department, there was an increase last month in the number of orders of durable goods, which range from kitchen appliances to aircrafts, and usually last three or more years. Economists had previously forecasted a 2 percent increase, but it exceeded that expectation, rising to 3 percent.
Reports also indicated that the increase was due in large part to the increasing orders of civilian aircraft, with Boeing alone receiving 287 orders last December. Orders for civilian aircraft have increased by 18.9 percent.
In addition, orders for non-military capital goods outside of aircrafts have increased by 2.9 percent, bouncing back from recent declines.
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Entry filed under: Business Tip, Economy, Finance, Loan Officer, Mortgage News. Tags: 2011, 2012, Boeing, business investments, capital goods, Debra Jones, Debra Jones Online, Economists, increased economic activity, Loan Officer Training, manufactured goods, Marketing Training, Sales Training, US Commerce Department, US Economy.
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