Tuesday, May 3, 2011
March new orders for U.S. manufacturers jumped by 3%, substantially exceeding expectations for a 2% gain. As this chart shows, new orders have surged at a 25% annualized rate since last October, and are closing in on their previous highs. The economic recovery continues, and it looks like it's picking up speed, at least in some sectors of the economy.
Posted by Scott Grannis at 8:53 AM