Orders for U.S. durable goods, excluding automobiles and aircrafts, rose 1.1% in June, possibly indicating that manufacturing will experience growth in the last quarter of 2009.  A significant boost in business investment will be necessary for manufacturing revenues to hit pre-recession levels.

Electronics

The electronics industry continues to be effected by cuts in household expenditures.  In an effort to save, many consumers are buying old discounted models, thus creating a slowdown in new product development.  Expect for increased M&A activity to take place once household incomes reach comfortable levels.