Durable goods report: Two-month pause or continued struggle?

01/29/2004 | Chicago Tribune (tiered subscription model)

Orders for durable goods were up 2.8% overall in 2003, but ended the year flat after a 2.3% drop in November. The December report surprised economists who had projected a 2% rise for last month, but many remained optimistic. "Businesses have cash. Profitability is good. Everything argues for much better business investment in coming months," said Mark Zandi, chief economist at Economy.com.

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