This page has been archived and commenting is disabled.
US Factory Orders Drop YoY For 5th Consecutive Month
After 6 months of MoM drops (something not seen outside of a recession), February saw a modest 0.2% rise in Factory orders which has spurred economists to extrapolate a 2.0% expectation for March. However, while Factory Orders rose 2.1% in March, Feb was revised lower (to a -0.1% drop) leaving US Manufacturing Orders down 4.0% YoY. The series of YoY drops continues (now at 5 consecutive months) to indicate a recessionary environment. The ratio of inventories-to-shipments remains stuck at extremely elevated levels.
For those curious how Factory Orders "beat" rising by 2.1% compared to the 2.0% expected, and yet the final dollar number was still below the expected one, the answer is simple: when you revise the base number lower, a 2.1% increase is not nearly enough.
Leading to a "beat" MoM, even if in dollar terms it was a miss, and will lead to a downward GDP revision.
Year over Year, this is the 5th consecutive monthly drop... hint: recession.
And Inventories to Shipments suggests all is not well
»
- 9980 reads
- Printer-friendly version
- Send to friend
- advertisements -
Bullish News !
According to MSM via Yahoo:
Breaking News: U.S. factory orders post largest gain in eight months
Can't we just fake this like we do with everything else?
and the market goes up anyway
Buybacks baby!!!!!
It was cold out one of those days. To be expected...
We are simply resting.
After such a vigorous economic recovery that we have all enjoyed for the past six years, we deserve a break...a little vacation of sorts (unpaid of course).
Simply another buying opportunity. Once we get all rested up. LOOK OUT! We will be on fire!
Doesn't say much about the last eight months does it?
McDonald’s unveils plan to fix company, change perception of its gross food ingredients – VIDEO
Fuck McDonalds, it's not only the crap food but crap policies which are their downfall. When they fire employees for doing the right thing, but it's against "policy" I and many others no longer support that shitty way of thinking. Being human and helping your fellow man comes WAY before corporate bullshit.
If only supply and demand mattered...
there is no spoon, only the bankers and financiers printing...
What's up with the "sign here" post-it notes all over the graphs?
This shows the headline numbers are just that....good for the announcement..then tank them after its all forgotten...
Great point. All predicated on 'instant-gratification', with the attention-span-of-a-housefly memory capacity.
This article was posted over a half hour ago and only 8 comments? Has eveyone given op and gone to another site to get their "news"?
We're not posting because there's nothing more to say that ZHers dont know. The US is sliding into a recession with a debt mountain and ZIRP in place so no where to hide this time. The rest of the world is following. The stats are faked and the MSM are in fantasyland. ZHers know all this so no point repeating it here. Need to go elsewhere to wake up the sheeple. Also ZHers are busy ploughing their lawns to sow potatos so they'll be well fed during the coming Depression!
Still negative even with all lies.
Rueters says ZH has it all wrong
U.S. factory orders post largest gain in eight months
15 minutes ago
Given that Reuters is controlled by the CIA and their Govt buddies, you dont expect to ever read the truth in a reuters report do you?!
Upward go stocks! More good news about the Obama economy!
Don't worry guys, Barak "Rivers of Blood" "Destroyer of Nations" Obombya has got this shit handled. Obombya will transfer even MOAR US manufacturing jobs overseas while chrushing the middle class AND the economy at the same time with his new power grab--er trade bill.
http://www.breitbart.com/big-government/2015/05/03/critical-alert-jeff-s...
"The sustained long-term loss of middle class jobs and incomes should compel all lawmakers to apply added scrutiny to a ‘fast-track’ procedure wherein Congress would yield its legislative powers and allow the White House to implement one of largest global financial agreements in our history—comprising at least 12 nations and nearly 40 percent of the world’s GDP.
“The request for fast-track also comes at a time when the Administration has established a recurring pattern of sidestepping the law, the Congress, and the Constitution in order to repeal sovereign protections for U.S. workers in deference to favored financial and political allies.”"
Why do these traitors in Congress continue to allow the lawbreaker in chief to continue to destroy America?
Grimaldus
Good to hear people are free from having to slave at those kind of jobs.
Boing! Boing! It's all Boeing. The Viagra of factory "orders". One month it's an order for 500 new planes, the next it's a cancellation of those orders. Talk about "front running" an order!
If it ain't Boeing I ain't goin