Posted on 03/06/2015 9:26:13 AM PST by Kaslin
Extending the longest streak since the 2008-2009 recession, Factory Orders Unexpectedly Decline 6th Month.
New orders for U.S. factory goods unexpectedly fell in January, posting their sixth straight monthly decline, a sign of weakness in the manufacturing sector.The Commerce Department said on Thursday new orders for manufactured goods slipped 0.2 percent after a revised 3.5 percent decline in December.
Economists polled by Reuters had expected factory orders to gain 0.2 percent in January after a previously reported 3.4 percent tumble in December.
(Excerpt) Read more at finance.townhall.com ...
Sherlock Holmes on steroids!
Another unexpected effect. How long before the numbers have to be revised downward again?
Are they going to be surprised the next few months when excessive fuel bills from this harsh winter cut into purchasing power? Add to that the increase in food prices this past month or so is impossible to avoid.
3/5/2015
WASHINGTON (MarketWatch) - U.S. productivity in the fourth quarter fell at a revised 2.2% annual pace, new government figures show. The Labor Department originally estimated that productivity fell 1.8% in the final three months of 2014. The increase in output of goods and services was lowered to 2.8% from 3.2%, the Labor Department said. The gain in hours worked was revised down to 4.9% from 5.1%. Unit-labor costs rose 4.1% instead of 2.7% in the fourth quarter. For 2014, productivity rose at slow 0.7% pace
How can you have improvement in unemployment when productivity is declining? Only with Obamanomics.
The wife and I took a motorcycle trip to North Carolina from Texas a couple of years ago. We went off the beaten path through small towns on our way and seldom hit a major interstate.
Very sad. Small town America is being scuttled. Large factory after large factory across this land shutdown, grass knee deep in the parking lots.
I remember a day when congress attempted to protect our industry.
Yep. It is ethnic cleansing by Marxists and crony capitalists.
Mr. niteowl77
>>Yep. It is ethnic cleansing by Marxists and crony capitalists.<<
Seems were are helpless to stop the destruction of our country. Sometimes wonder what will be the spark that sets off the powder keg.
I see the regime has resurrected that word. There isn't an original thought in any of their heads. Bumbling, incompetent liars, all.
All these new jobs, careers at minimum wage, don’t generate the income needed to buy many of these goods and services.
You’ve got to wonder how these minimum wage households will decide what they spend money on after the basics get bought.
“Why is this unexpected? Weather factors have brought things to a standstill in many parts of the country.”
I’m not convinced. This is factory orders, and there is normally a lag time involved. Have to check previous winters, etc.
lol
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