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Manufacturing still weak

Summary:
Manufacturing still weak I’m still traveling this morning, but for now let me just note that this morning’s durable goods orders showed a decline again: Figure 1 Manufacturing is flat to slightly contracting. The consumer, primarily thanks to lower mortgage rates, is keeping the economy going.

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Manufacturing still weak

I’m still traveling this morning, but for now let me just note that this morning’s durable goods orders showed a decline again:

Manufacturing still weakFigure 1

Manufacturing is flat to slightly contracting. The consumer, primarily thanks to lower mortgage rates, is keeping the economy going.

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