WASHINGTON – New orders for big-ticket manufactured goods dropped sharply last month due to a plunge in demand for commercial aircraft. But excluding the volatile transportation category, orders rose by the most since the recession began.
The report is the latest sign that the once-battered manufacturing sector is now a driving force behind the economic recovery....
link: New orders for durable goods drop sharply - Yahoo! News
This is like saying a football field is 60 yards long if you don't count the part between the 30 yard lines. What's the point in measuring something if you count the part you want and ignore the rest?
The AP has been running stuff like this for quite some time now, magically spinning whoopee from the gloom (the economy is improving because it's getting worse more slowly, and all that). We can understand it when politicians say stuff like that because we aren't expecting them to say anything believable to begin with, but the AP is supposed to be doing journalism here, or something.
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