Factory Orders Unexpectedly Decline 6th Month

Townhall.com ^ | March 6, 2015 | Mike Shedlock

[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.

[Organic Panic]

[AFreeBird]

If they’ve been declining for 6 months, how can it be “unexpected”?

[mowowie]

How could this be?

[Pollster1]

Extending the longest unexpected 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 unexpected monthly decline, a sign of unexpected weakness in the manufacturing sector.

The Commerce Department said on Thursday new orders for manufactured goods unexpectedly slipped 0.2 percent after a revised unexpected 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 unexpected 3.4 percent tumble in December.

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Journalists continue to amaze me. If I was assigned to report on a topic in which the same outcome surprised me month after month, I might change jobs rather than continue to look like an idiot. Journalists don’t seem to mind looking like idiots though - they almost revel in the experience.

[SaveFerris]

And now to be silly, I made a wall collection - those are awesome!