Factory Orders Beat Expectations Thanks To Major Seasonal Adjustments

Tyler Durden's picture


Non-Seasonally adjusted New Orders dropped 0.6% YoY - the biggest drop in 11 months (and Capital Goods New Orders plunged 10.2%) but of course, in the current weather-related slowdown-reality, despite a notable mark-down in last month's seasonal data, the headline "common knowledge"-defining data will be the Factory Orders beat expectations (off a lower base).

Seasonally-adjusted MoM beat..


But non-seasonally adjusted this is the biggest drop YoY in New Orders in 11 months


By far the worst start to the year since 2009...


Charts: Bloomberg

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Wed, 04/02/2014 - 10:16 | 4617147 playnstocks
playnstocks's picture

Good for 10 spx points!  Bullish!

Wed, 04/02/2014 - 10:17 | 4617148 MFLTucson
MFLTucson's picture

Sure they did!

Wed, 04/02/2014 - 10:22 | 4617168 Winston Churchill
Winston Churchill's picture

Were the 7 million signups for Obozocare seasonaly adjusted as well ?

Inquiring minds want to know.

Wed, 04/02/2014 - 10:23 | 4617173 Oh regional Indian
Oh regional Indian's picture

So it's really all statistics now...

We live in a totally statistically controlled world...

Be model citizens in model space.

Truman Show Everybody!!!



Wed, 04/02/2014 - 10:24 | 4617182 bullet
bullet's picture

if you want to know what an algo circle jerk looks like... look at the ES trade this morning...

Wed, 04/02/2014 - 10:27 | 4617188 El Hosel
El Hosel's picture

I see Mike Jackson Auto Nation CEO has a brand new face, just like John Kerry's   ( only smaller and rounder )....  The Face Factory orders must be up too.

Ride the Botox Bull, bitchez.

Wed, 04/02/2014 - 10:30 | 4617209 Oh regional Indian
Oh regional Indian's picture

That got a +1 for weird comment of the day, and we've barely begun...well, mine is now past sundown, but....

Whoa Nelly!!!!!

Wed, 04/02/2014 - 10:28 | 4617201 Spungo
Spungo's picture

My dick is 13 inches long. Seasonally adjusted.

Wed, 04/02/2014 - 10:42 | 4617249 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Magically adding 10 inches does that.

Wed, 04/02/2014 - 11:00 | 4617313 Armed Resistance
Armed Resistance's picture

Do you decrease the measurement by four because of winter too? I thought I was the only one.

Wed, 04/02/2014 - 13:42 | 4617892 Emergency Ward
Emergency Ward's picture

".....I told her in advance I was built like a baby, and she said it was ok, she would love me anyway, but when I dropped my drawers she changed her mind -- 7 lb 2 oz and 18 inches...."

Wed, 04/02/2014 - 12:15 | 4617569 ejmoosa
ejmoosa's picture

Must have been a different season last year....

And this must be the season of BS.....

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