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Durable Goods Rise 4.6% in December

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  • Description

    FBN’s Jeff Flock on the recent rise in durable goods and how it’s impacting the economy.

  • Duration 1:47
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-- durable goods orders for December's showing a jump from the previous month even as Americans are holding on to goods like furniture appliances longer.

That an almost fifty years.

Our Jeff Flock is live from a furniture maker in Chicago with more -- Very interesting numbers on this tennis and -- indeed we've got up positive trend -- -- -- wanna put the numbers up quickly as we're here Richardson seating.

Take a look at the trend over the last several months since the big drop in August.

Durable goods have been trending up.

-- some months better than others this was double what everyone thought.

-- that place that makes actually.

Seating for restaurants in the consumer market.

That's got Lichtenstein a runs the company you are seeing evidence of this in a positive upturn.

Dad sides about time that people are starting to purchase new goods now that you know things are -- ghetto picking up -- and here's one of the reasons why is it because of the government stimulus or -- just economy's going great.

Not so much take a look at this this is the average age of consumer goods and this is something that also has been trending higher.

To the highest level in fifty years if you take a look at the numbers.

We are now our goods these things that last about three years we think.

That's -- a good durable good is.

At the highest level it's been in fifty years that -- people have to start replacing.

Yeah I mean it's about time if people look at this often see that it's time to get something -- better.

And that may be part of what's driving it Richardson seating in Chicago they do a lot of specialty seating for a lot of big companies.

They're seeing some evidence that perhaps economy moving in the right direction if only because things -- fall apart.

That is actually -- time I checked my lows in my Home Depot stocked -- -- thank you very much.

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