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New Orders Drop Most Since July Led By Plunge In Defense

Tyler Durden's picture


Despite a modest beat at the headline Factory Orders (-0.9% vs -1.0% expectation), this is still the largest drop in orders since July following a revision upward for last month.


Non-defense capital goods saw a 3.4% plunge (SA) - also the largest drop since July and defense capital goods orders tumbled 15.8% (from a 19.1% rise last month). The volatility and broken seasonality (due to the government shutdown) makes this series extremely noisy but overall, despite the modest beat, the trend is down notably.



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Thu, 12/05/2013 - 11:15 | 4217535 Max Damage
Max Damage's picture

Quick change the measuring method. One like the GDP one, jobs a good un then

Thu, 12/05/2013 - 11:22 | 4217558 Jacque Itch
Jacque Itch's picture

It's beginning to look a lot like Christmas oversupplying for the sheep has run it's course

Thu, 12/05/2013 - 11:27 | 4217577 Max Damage
Max Damage's picture

January sales should be good this time round.

Thu, 12/05/2013 - 12:12 | 4217707 SafelyGraze
SafelyGraze's picture

this news just goes to show what happens when you don't engage syria like I told you to

mister heinz-kerry 

Thu, 12/05/2013 - 12:34 | 4217797 SAT 800
SAT 800's picture

we're no longer doing what Kerry has been programmed to tell us to do; we're doing what President Putin tells us to do; thank God most profoundly. And on a similar note; President Obama today told a group of young people that he's not allowed to have an i-phone, "for security reasons". But, of course, it's all right if you have one. The NSA; the only part of the government that listens.

Thu, 12/05/2013 - 11:16 | 4217538 MFLTucson
MFLTucson's picture

What happened to the green shoots? More like BULL SHIT!

Thu, 12/05/2013 - 11:38 | 4217608 Mr. Magoo
Mr. Magoo's picture

looks like its time for another war

Thu, 12/05/2013 - 11:22 | 4217539 hedgeless_horseman
hedgeless_horseman's picture



...and defense capital goods orders tumbled 15.8%

Typical government misnomer, calling offense, "defense." The next thing I know, they are going to call the NSA the National "Security" Agency.

12 years of occupation, Afghanistan is the longest war in American history. 

Yes, thankfully our brave troops are still, "defending," America from those dangerous Afghans. 

Thu, 12/05/2013 - 11:30 | 4217589 NidStyles
NidStyles's picture

I just want to know when we started calling goods that offer no next level production value "capital goods", which is sort of the definition of "capital goods". Even more so when we started calling things that are specifically designed to destroy actual capital goods capital in the first place.


The sophistry is strong in the US still. I think some of these so called educated men need to go back to school, or they need to just shut up already.

Thu, 12/05/2013 - 12:30 | 4217785 Headbanger
Headbanger's picture

And I just want to know..  Is that an AK-47 or a VZ-58?? 


Thu, 12/05/2013 - 12:39 | 4217813 SAT 800
SAT 800's picture

It looks like a member of the AK "family"; but it's a very poor picture.

Thu, 12/05/2013 - 12:36 | 4217808 SAT 800
SAT 800's picture

You just have to get the real idea of what it's about; it's to spend money and promote officers. that's all it is. nothing else. Along the way, of course we kill and maim a lot of women and children and a few indignant tribemen who are actually brave enough to take up weapons and resist these strange invaders; but basically,  that doesn't even count; it's just an excuse for the military to roll through billions and billions of dollars.

Thu, 12/05/2013 - 11:17 | 4217546 max2205
max2205's picture

It just doesn't the shit out of the ever decreasing dips.....

Thu, 12/05/2013 - 11:20 | 4217550 Dr. Engali
Dr. Engali's picture

Damn Zero better get to work and escalate a few wars.If we don't start exporting some bombs on some brown people or the MIC will have to let some people go.

Thu, 12/05/2013 - 11:26 | 4217561 virgilcaine
virgilcaine's picture

Durable goods are becoming more durable, If it works why replace it? I'm gonna get 250 k out of my old Saab 93. Why yesterday I even spent  a buck (1 min wash)  to hose it down nice n shiny.

Thu, 12/05/2013 - 11:28 | 4217575 NidStyles
NidStyles's picture

More likely that you are just doing what you are economically forced to do just like everyone else. New parts do not look as expensive when compared to selling your soul for a new car.

There are only a couple of manufacturers whom I would buy from these days, the rest are channel stuffing POS's that didn't learn their lesson in 2008, and are still pulling the same crap.

Thu, 12/05/2013 - 12:47 | 4217843 SAT 800
SAT 800's picture

It's okay with me if it says FORD on the front; otherwise, no deal. They told the Govt. to take a hike when everybody else was lined up and whinning for corporate welfare; I vote with my wallet.

Thu, 12/05/2013 - 12:53 | 4217860 SAT 800
SAT 800's picture

No reason to buy a new car. Shop for a 1991-93 Ford Taurus or Mercury Sable, (same car); get one from an old couple or an old lady; have a mechanic check it out. You want the 3.0Liter V-6; the plain jane one, not the XLT. Most numerically produced car in history; tremendous user satisfaction. If you can find one with only a 100K on it that granny owned; you're all set. For, what $800? probably. Another good one is a 1995 Jeep Cherokee with the 2.5L four in it. cheap tinny little vehicle; but simple and reliable as a rock. a little noisy compared to a passenger car; you want the two wheel drive version; so you don't have any expensive repair bills. that's a rear-wheel drive vehicle; it's very easy to work on yourself. parts are very affordable. The engine is all cast iron; no aluminum head. Can easily run for 290,000 miles.

Thu, 12/05/2013 - 12:47 | 4217837 SAT 800
SAT 800's picture

Good for you. Keep changing the oil. Waste is waste and nothing whatever is gained by discarding a functioning machine.

Thu, 12/05/2013 - 11:24 | 4217571 NidStyles
NidStyles's picture

So why are the PM's dropping like a rock, oh that is right, because they are worthless :-P.

Thu, 12/05/2013 - 11:40 | 4217612 Mr. Magoo
Mr. Magoo's picture

Absolutely, I would much rather have paper currency or even a few bitcoins (sarc)

Thu, 12/05/2013 - 11:59 | 4217676 NidStyles
NidStyles's picture

So ridiculous to have a currency that is based purely on demand of it's potential value rather than it's actual value. This is how Fiat currencies are born. The Hedge funds want yield so they will create it with anything they can pump up and over-hype. It's like everyone involved is behaving like a predator and they simply refuse to acknowledge it. 


Sometimes I think I was born far sooner than I was meant to be born...

Thu, 12/05/2013 - 12:42 | 4217827 SAT 800
SAT 800's picture

For one gold coin I can buy a barrel of diesel fuel. Not quite worthless; and the nice thing is; very, very, unlikely to become worth  less.

Thu, 12/05/2013 - 12:16 | 4217690 virgilcaine
virgilcaine's picture

The retired "educators" next door buy new Fords every 50k miles. Older folks are BIG beleivers in the system esp. the "Educators". The Education bubble is  a big one and it's going to burst in a big way when the City Ch 11's start rolling.

Thu, 12/05/2013 - 12:45 | 4217832 SAT 800
SAT 800's picture

The American Teachers Union makes the Silician Mafia look like a child's game; they've ripped off the whole economy for a whole generation.

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