Article
Email Email Print Print
Clip Clip & File

Only on Che.com :: Latest News

October 1, 2012

Durable goods orders down 13.2% in August, ACC report notes

Scott Jenkins

Data from the U.S. Census Bureau that were included in the latest American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) Weekly Chemistry and Economic report indicate that orders for durable goods fell by 13.2% in the U.S in August, the largest monthly decline since January 2009.
 
According to the ACC, the dip was the fourth straight monthly decline and was larger than expected. The decline was led by a sharp fall in aircraft orders, but orders also slipped for primary metals, metal products, machinery, motor vehicles, computers and communications equipment.
 
Overall, the ACC assessed the week’s economic reports in the U.S. as mixed, with a positive being higher consumer confidence. Income growth remains lackluster, however, and several key indicators of manufacturing activity turned in disappointing results, the report said.
 
ACC’s Chemical Activity Barometer ticked up, the report said, and “continues to signal slow growth ahead.”
 
The global economy is still struggling, with Europe in what appears to be recession, and indicators in Japan and Korea suggest a rising risk of recession there as well, the report said.
 
 

Add a Comment

Name:
Email:
Comments:

Please enter the letters or numbers you see in the image. (refresh)
 
 

Related Stories

LinkedIn Groups

Our LinkedIn group is now over 33,000 members strong!

  1. Join other CPI professionals from all over the globe and share best practices, expertise, concerns and more.
  2. Provide feedback to Chemical Engineering Editors


Current members represent Worley Parsons, DuPont, SABIC, Fluor, Air Products, LyondellBasell, Nalco, Dow Chemical, Dow Corning, BASF, Jacobs Engineering, ExxonMobil, Shell, Chevron and more.

Join Now



We also offer the following subgroup for more targeted discussions:

Tools
Search the Buyers' Guide

Plant Cost Index

Facts at Your Fingertips (archive)

Ask the Experts

Back Issues
X
To access this area, please log in or create an account.
Username:
Password:
Forgot your password?
Request it now.
Processing...
Live chat by BoldChat