SOURCE: Industrial Info Resources

Industrial Info Resources

May 27, 2011 06:45 ET

Despite $15 Billion in Construction Starts, Durable Goods Orders Slump in April, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - May 27, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The economy had been rocking along for the last six months, constantly gaining in most key economic areas, as the United States continues to recover from the recession. However, durable goods orders saw their largest drop in six months in April, despite the fact that industrial spending remained strong, with more than $15 billion in capital and maintenance projects beginning construction activities in the U.S. The transportation equipment sector dragged total durable goods orders down 3.6% in April. Overall, the transportation equipment sector saw a 9.5% decline on its own, with the highly volatile nondefense aircraft and parts sector declining 30% for the month. The Boeing Company (NYSE:BA) (Chicago, Illinois) saw only two new orders in April, a significant decline from March's 98 new orders.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to industrialmanufacturing@industrialinfo.com or visit us online at www.industrialinfo.com.

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