January 28, 2014
Statement From LIA Chief Economist
Statement From LIA Chief Economist on Decline in Durable Goods
"Today's unexpected decline in durable goods orders points to potential weakness in manufacturing. But this may reflect a pause after strong growth in November orders. Moreover, the Institute for Supply Management's manufacturing index in December was the second highest reading since April 2011 and is at a level indicating growth in manufacturing. This mixed evidence highlights the fragile nature of the economic recovery," said John Rizzo, LIA Chief Economist.