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Orders Revisions: Weaker Investment Picture

Posted May 18, 2012 by Editor

[private]The regular annual revision to manufacturers’ orders data, released this morning, shows a striking downward revision to the latest–March–result for non-defense capital goods ex-aircraft, taking it from -0.1% versus February to -3.6%.¬† The February figure, meanwhile, was revised very little–from +2.7% to +2.9%.

US_12-0518_E1[/private]