The Economy that Wouldn’t Die

From the US Census Bureau:

"New orders for manufactured durable goods
in June increased $1.6 billion or 0.8 percent to $215.4 billion, the U.S. Census Bureau announced today.  This was the second consecutive monthly increase and followed a 0.1 percent May increase.

"Shipments of manufactured durable goods
in June, up two of the last three months, increased $1.1 billion or 0.5 percent to $212.2 billion. This followed a 1.2 percent May decrease.

"Unfilled orders for manufactured durable goods
in June, up twenty-eight of the last twenty-nine months, increased $7.2 billion or 0.9 percent to $817.6 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.9 percent May increase."

Anyone who thinks that American business, or the American consumer for that matter, is going to roll over and die just because of high gas prices doesn’t know us very well, do they?

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