This says businesses are gradually, grudgingly putting money to work. They're still being cautious, but not as cautious as the data before this morning would have suggested.
More Quotes from Chris Wiegand:
All today's data tell you the business sector is becoming more engaged and consumers are handing the baton over to the business sector, making it highly likely that the recovery will turn into a fully sustainable expansion. In fact, chances are it already is.Chris Wiegand
When you look at the two numbers together, overall orders are up about 4.2 percent, or 2.1 percent per month. That's not a stellar performance, but it's also much better than the market thought.
Chris Wiegand
We're going to get some weak numbers. The ISM report is going to be weak and that we're in store for a labor report that's weaker than what we've seen over the past four or five months.
Chris Wiegand
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