Economic Reports 09/26/07

Summary: The slowdown continues as durable orders have sharpest decline in 7 months.

Durable Orders Aug -4.9% vs prior +6.1% Full Report

Inside the number: Ex transportation new orders -1.8%. Ex defense new orders -5.9%. Shipments -1.6% vs prior +4%; Inventories+0.1% vs prior +0.1%.

Transportation equipment -11.2%; Defense aircraft +43%; Non defense aircraft -41%.

Capital goods -10.5%; Non defense capital goods -12.6%; ex aircraft -0.7%

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