Posted on 04/09/2016 2:59:29 PM PDT by george76
The previous advance manufacturing report had showed that durable goods orders in February had declined. However, the drop in durable goods orders has been revised to 3% from the initial estimate of 2.8%. Furthermore, most of the downward revision was made in non-defence capital goods. According to the advance report, the core capital goods orders fell just 1.8%; however, yesterday’s report revised the decline to 2.5%.
Core capital goods orders dropped at a three-month annualized rate of 10.2%, whereas the shipments are declining at a 7.7% clip.
...
The inventory-to-ship ratio was 1.37 for the third consecutive month. This is evident from the decline in manufacturing payrolls for the past two months. In the past two months, 47,000 manufacturing jobs were lost, which has been eclipsed by more solid job growth in other industries. However, this indicates towards other problem the US Fed will face as it attempts to hike rates in 2016.
(Excerpt) Read more at econotimes.com ...
We could get a negative print on Q1 GDP
The Commerce Department said on Monday new orders for manufactured goods .. have declined in 14 of the last 19 months.
“We could get a negative print on Q1 GDP”
Those warnings Trump issued on economic trouble ahead must have caused this ..
Can’t be Bush’s fault this far into the game.
The article doesn't say that anymore, it may have been edited out because it was actually 13 out of 19 and besides that it's pretty meaningless. The problem is not that factory orders have fallen, they haven't:
imho the problem is that they haven't gone up, and we're still where we were three years ago.
Subtract the 1.5% that is now added to the GDP for Obamacare and we are almost there.
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