Wednesday, May 28, 2008

Good economic news and MSNBC's headline

The AP’s reporting - - -

Orders to U.S. factories for big-ticket items besides autos and airplanes showed surprising strength in April, raising hopes that manufacturing can help the economy shake off the slumping housing market and credit crisis.

Overall, orders for durable goods dipped by 0.5 percent in April, reflecting steep declines in commercial aircraft and autos, the Commerce Department reported Wednesday.

The decline, however, was just one-third of what experts expected. Take out the volatile transportation sector and orders rose 2.5 percent, the largest gain in nine months. (emphasis added)

This reflected strength in areas ranging from heavy machinery and primary metals such as steel, and to a record surge in demand for electrical equipment and appliances.

Economists said this indicated the economy was entering the April-through-June period with some momentum in manufacturing, a sector critical to helping keep the country from recession. . . .

The rest of the story’s here.

So how did MSNBC headline the AP story?

Take a look here.


Anonymous said...

John: What else would you expect from these people.