This number suggests GDP will be growing strongly in the quarters to come.
Can bank lending be far behind?
* * * * * J B K * * * * *
San Francisco
Orders for durable goods excluding transportation surged in March by the most since the recession began in December 2007, adding to evidence the U.S. recovery is broadening and strengthening.
The 2.8 percent increase in bookings for goods meant to last at least three years, excluding cars and aircraft, was four times larger than the median forecast of economists surveyed by Bloomberg News, figures from the Commerce Department showed today in Washington. Total orders unexpectedly dropped 1.3 percent, depressed by a 67 percent plunge in demand for commercial aircraft that is often volatile.
http://www.bloomberg.com/apps/news?pid=20601068&sid=aIIE.vltUqt8
