WTF Chart Of The Day: US Factory Orders Tumble For Longest Streak In History

Tyler Durden's picture

21 Months... US Factory Orders have decline year-over-year every month since October 2014 (the end of QE3). This is the longest period of decline in US history (since 1956) and has always indicated the US economy is in recession...

While headlines will crow of 1.9% MoM gain (which missed expectations of a 2.0% rise), the trend is simply ugly - Year-over-year Factory Orders fell 3.5%

As Bloomberg also notes, there’s one key takeaway from the Commerce Department’s report Friday on U.S. factory orders. The value of unfilled orders dropped in July to the lowest level in two years, indicating producers are having an easier time meeting demand.

With soft sales, factories have little reason to add as many workers to their payrolls and may find it difficult to raise prices. Employment in manufacturing dropped 14,000 in August, the most in three months, another report from the Labor Department showed Friday.

  • Unfilled orders to all manufacturers fell 0.1 percent to $1.13 trillion, the lowest since June 2014, after a 0.9 percent slump
  • Unfilled orders have increased just once since November
  • Total factory orders rose 1.9 percent in July after a 1.8 percent drop.

Just another WTF chart to ignore.

*  *  *

Bonus WTF Chart of the day... US Capital Goods Shipments (non-defense) collapsed 9.4% YoY!!!

WTF indeed.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Infield_Fly's picture
Infield_Fly (not verified) Sep 2, 2016 10:07 AM

Check the marxist in the white house and that fucking cunt yellen.


They'll fraud-splain it.

Rubicon's picture

you dont like them then...

bamawatson's picture

.... aw he just has not deigned to explore their soft cuddly loveable aspects

The Saint's picture
The Saint (not verified) bamawatson Sep 2, 2016 11:08 AM

We still have a factory in the U.S.  Who would have guessed?


espirit's picture

The Looters outnumber the Producers.

Common logic dictates factory orders are dependent upon factories.

I'd like to see charting comparison in decline of factories.

GUS100CORRINA's picture

when we see data like factory orders, it is more evidence that the America we know is dead. May America R.I.P.

Let's take a look at who is really responsible for the economic MESS in which we now find ourselves!!!!

Most Americans have never seen a Trillion Dollars visually and let alone understand what it really means. So let's review the financial accomplishments of America under the current FED and DEMOCRATIC executive branch leadership. The list below should give additional insight to just how sick America's financial system truly is today which explains order mess.


1.) Student Loan Debt - 2 Trillion

2.) America's debt - UP over 100% in 8 years,

3.) America's unfunded liabilities - 150 Trillion plus and climbing rapidly

4.) Corporate Debt - Up over 100% in 8 years.

5.) Bank Derivative Expsosure - Up over 300% in 8 years.

6.) Crime and Violence - Out of Control (Billions in Lost Property, Lives)

7.) America's foreign policy - America now pays ransom to terrorist states like Iran (400,000,000)

8.) State and Municiple Pension Shortfall - 6 Trillion

9.) Fed Balance Sheet - At 4.5 Trillion - Up Over 400% in 8 years. Recently, Ms. Janet Yellen has told the markets that another 4 Trillion will be needed if future economic shock should ever occur!!!!!

10.) CBO has recently reported that 6.5 Trillion cannot be accounted for in the government books!!!! 


Well done FED and Mr. Preseident ... Well done!!!

WE ARE ON THE TITANIC AND WE HAVE HIT THE ICEBERG and everyone is more interested in straightening up the deck chairs!!!

Is it any wonder why the economic health of America is SICK!!! TRUTH IS TREASON IN AN EMPIRE OF LIES!!!!

American leadership for the most part are made up of despots with reprobate minds.


Ghost of Porky's picture

Just got to...prop a....couple more...months....

The Duke of New York A No.1's picture

Hanjin supply-chain fallout yet to be priced into Walmart, Target, and the rest of the Chinese-American Supermarkets.

Where's me jumper's picture

Not just the supermarkets

Per Irish Independent re Galaxy launch delay

"On Wednesday Samsung said it had halted supply of the new phone to the top three South Korean carriers and that shipments were being delayed as it conducted additional quality testing."

Yes, exploding batteries... Story edited significantly in past 2 hours.

DontFollowMyAdviceImaDummy's picture

but but but EVERYTHING IS AWESOME!!! so bullish.


nightwish's picture

"If you like your factory output you can keep your factory output"

Spungo's picture

This should be bullish for shit stores like Walmart. Poor people can't really shop at Nordstrom

NoDebt's picture

"Just another WTF chart to ignore."

I wouldn't say it should be ignored.  I just give thanks it can't affect the price of my stawks because that chart is pretty damned grim.

tarsubil's picture

Just imagine how bad it would be if they still allowed recessions.

bada boom's picture

Well Janet, whatcha gonna do????

nathan1234's picture

Go back to Jackson Hole and hibernate. Winter has come


espirit's picture

Every soldier only issued one bullet.

Either that or a sole source supplier will drive prices through the roof.

Jeez, comedy of errors from this Admin.

IMI probably already has the future contract in the bag.



Ayn Rand said: “The hallmark of authoritarian systems is the creation of innumerable, indecipherable laws. Such systems make everyone an un-indicted felon and allow for the exercise of arbitrary government power via selective prosecution.

  Guess this makes me a triple X rated felon.

coast's picture

thank you for the update..I ahve been watching this and I missed your update..this is why I like zerohedge, not so much the articles, but people such as youself that do research and share your findings...thanks again :-)

BurningBetty's picture

More and more people dropping out of the "Monopoly" game, leaving less and less participants to buy stuff.

CNONC's picture

That is the only explanation for the anomolous numbers we are seeing, particularly the declining labor force participation and falling productivity.  I have mostly dropped out, and am increasingly finding more like minded people who have completely or partially dropped out.  In particular, I find high income people choosing to forego the trappings of affluence for a less costly lifestyle.  A man who quits a job where he earns 125k for forty hours and takes up a job or self employment at 25k creates a hell of a decline in average productivty. 

SomethingSomethingDarkSide's picture


Long Razorblades and Attempted Suicide

creeko's picture

When I see the green areas, I sing, "Boom" and when I see red, I sing, "Bust."  It's a catchy tune.

Rellorellin's picture

Marketwatch: "Factory orders jump in July by biggest gain in nine months."

KinKin's picture

It's different this time

withglee's picture

This is the longest period of decline in US history (since 1956) and has always indicated the US economy is in recession...

The capitalists' farming operation (i.e. business cycle) is not a constant frequency ... but doesn't vary much either does it. Looks like harvest time is just about over.

the.ghost.of.22wmr's picture
the.ghost.of.22wmr (not verified) Sep 2, 2016 11:03 AM

Another dead green shoot!

ichan's picture

Damn we much be in full recession already.