"It's A Recession Stupid" - US Factory Orders Tumble For 15th Month In A Row

Tyler Durden's picture

In 60 years, the US economy has not suffered a 15-month continuous YoY drop in Factory orders without being in recession. Today's -1.9% YoY drop may suggest the slide is decelerating, but off the weakness in December (-2.9% MoM), January's bounce +1.6% MoM missed expectations (+2.1%) notably (and Ex-Trans decline MoM).



Or different this time?

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
DownWithYogaPants's picture

I sharted my yoga pants, I shipped my pants.

clooney_art's picture

It is not a recession until you believe it is. Everything has got a new name and definition these days. Dumb fucks in the gubmint and Federal reserve are rewriting everything.

NoDebt's picture

Two observations:


1.  Whatever it was, an admitted recession or a non-admitted recession, it appears to be "off the lows" and on it's way back up.  (Remember I told you none of us would live long enough to see the next officially declared recession?  This is what I'm talking about.)

2.  We still have factories in the US??  I don't believe you.

LawsofPhysics's picture

well, it looks like the "manufacture" and sale of financial "products" has never been better...



jakesdad's picture

"none of us would live long enough to see the next officially declared recession under a democrat potus" - ftfy!  call me cynical but I have a sneaking suspicion the same "data" would be interpreted somewhat differently under a trump administration...

tarsubil's picture

What do you call the recovery for a non-recession recession?

MadVladtheconquerer's picture

The slide is DECELERATING?  Finding a bottom from whence to rebound?

I woke up's picture

The words recession and depression are going to be banned like the 100 dollar bill and 500 Euro. 

lemontree2's picture

This is bullish. Better than expected. No problem

BlueStreet's picture

Either they know what's coming and just trying to suck every last drop of blood from the corpse or they are clueless and think it's all-clear and we are going to break to new highs. Just keep thinking it's a marathon and not a sprint. 

autofixer's picture

Obamao's legacy must be protected at all costs; including manipulation of the language.  

noone5's picture

Who cares? If we're supposed to believe this chart, then we're going to see an explosion of green again soon.

ZH with more dumb analysis.

Dg4884's picture

But it can't be a recession!  The market is over 16.7 and S&P at 1977.

Excuse me while I wipe the blood from my eyes...

Winston Churchill's picture

Talking for mysel, Jan. and Feb 2015 were the worst I ever had, down 30% yoy.

Jan. & Feb. 2016 are -30% again  on those lousy months.

What about my fellow ZHers in biz ?

Ranting Troglodyte's picture


We just had our seventh month in a row with a YoY decrease.  We are an industrial supplies distributor based in Metro Detroit.  What's ultra terrifying to me is 2015 was a record (or near record depending on who you ask) year for car sales, and 2016 is "supposed" to be just as good. 

Stormtrooper's picture

Your mistake is believing that cars are still made in Detroit.

corporatewhore's picture

six crappy months of sales down in a similar fashion.

this one isn't looking any better.


but then we've been in a downturn for almost 2 years with the occassional blips of minimal positive sales

new game's picture

zero income, down 100 percent with taxes due. great balance stmnt though...

Soul Glow's picture

Depression.  If it weren't for the fabricated BLS U-3 stats and the rigged dollar/stock markets then those two "leading indicators" would have been signalling depression since 2008.

brada1013567's picture

But, Janet just filled the swimming pool with crude.

Dragon HAwk's picture

Who declares the recessions anyway, somebody knock on their door  make sure they're still alive in there  we may have a hostage situation or something.

truthordare's picture

shhhh      dont mention the D word

jamiespencer's picture

Gold will be up $100 today.

honestann's picture

It's a recession, stupid.  Nope.
It's a depression, stupid.  Nope.
It's a global economic collapse, stupid.  Yup.

And quite possibly an extinction level event as a final neocon farewell.