|
The overall economy grew at an annual rate of 2.4 percent in the January-March quarter, a figure that will be revised Wednesday. Economists think that figure will remain unchanged. But many analysts think growth has slowed in the April-June quarter to an annual rate of 2 percent or less. Analysts are more optimistic that economic growth will accelerate in the second half of the year. The durables report showed that demand for transportation products increased 10.2 percent in May, led by a 51 percent surge in orders for commercial aircraft. Orders for motor vehicles and parts fell 1.2 percent. Excluding transportation, orders increased 0.7 percent in May. That followed a 1.7 percent rise in April. Orders for heavy machinery rose 1.2 percent. Demand for computers increased 1 percent. And demand for primary metals such as steel rose 0.9 percent. Orders for communications equipment shot up 12.6 percent.
[Associated
Press;
Copyright 2013 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor