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US June factory orders rev to +1.5 pct
Biz.Yahoo/Reuters ^
| August 19, 2003
Posted on 08/19/2003 4:27:50 PM PDT by Starwind
US June factory orders rev to +1.5 pct
Tuesday August 19, 9:58 am ET
WASHINGTON, Aug 19 (Reuters) - The Commerce Department on
Tuesday said it revised U.S. June factory orders issued Aug. 4
to a 1.5 percent rise from a previously reported 1.7 percent
rise.
The department also revised U.S. June durable goods orders
to a 2.3 percent increase from a 2.6 percent jump.
Following are seasonally adjusted figures for key
components of U.S. June and May factory orders and durable
goods, and shipments for semiconductors, seasonally adjusted.
PCT CHANGES: June'03 (Prev) May'03 (Prev)
New Orders 1.5 1.7 0.3 0.3
Ex-Transportation 1.1 1.2 0.8 0.8
Ex-Defense 1.6 1.5 0.6 0.9
Durables 2.3 2.6 unch 0.1
Shipments
Semiconductors 2.7 N/A 3.4 N/A
ORDERS-BLNS OF DLRS: June'03 (Prev) May'03 (Prev)
New Orders 322.990 325.982 318.144 320.495
Ex-Transportation 271.399 274.739 268.362 271.542
Ex-Defense 313.457 316.506 308.639 311.934
Durables 171.841 173.440 168.007 169.006
Shipments
Semiconductors 6.233 N/A 6.071 N/A
NOTES:
N/A- not available
The department issued annual benchmark revisions to U.S.
factory orders and durable goods for the period 1992 through
June 2003. The report includes new figures for semiconductors
dating back to March 2002.
The department will issue July durable goods orders on Aug.
26 and factory orders on Sept. 4. Beginning with these reports,
the department will resume inclusion of semiconductor data on a
monthly basis.
The annual revisions are available on the Census Bureau's
Web site http://www.census.gov/indicator/www/m3/index.html.
TOPICS: Business/Economy
KEYWORDS: bushrecovery; factoryorders; manufacturing
This was a downward benchmark revision.
1
posted on
08/19/2003 4:27:51 PM PDT
by
Starwind
To: AdamSelene235; AntiGuv; arete; Black Agnes; Cicero; David; Fractal Trader; gabby hayes; imawit; ...
Fyi...
2
posted on
08/19/2003 4:28:18 PM PDT
by
Starwind
To: Starwind
This was a downward benchmark revision.I'm actually seeing a downward pressure in employment opps since Feb-Mar this year.
If this is a recovery, we sure need a Depression STAT!
3
posted on
08/19/2003 4:29:41 PM PDT
by
Lazamataz
(I'm pretending I'm pulling in a TROUT! Am I doing it correctly?)
To: Starwind
1.5% gain is not good. *snort* *chuckle* *guffaw!*
ROTFL:LMAO!
Woe is us!!!!
4
posted on
08/19/2003 6:07:04 PM PDT
by
MonroeDNA
(No longshoremen were injured to produce this tagline.)
To: Lazamataz
I'm actually seeing a downward pressure in employment opps since Feb-Mar this year.
The CEO of outplacement firm Challenger Gray (yes, I know consider the source) said this morning on CNBC that he expects to see a large increase in job cuts after labor day.
5
posted on
08/19/2003 6:14:52 PM PDT
by
lelio
To: lelio
poetic!
6
posted on
08/19/2003 6:40:59 PM PDT
by
Tauzero
(My reserve bank chairman can beat up your reserve bank chairman)
To: lelio
The CEO of outplacement firm Challenger Gray (yes, I know consider the source) said this morning on CNBC that he expects to see a large increase in job cuts after labor day.Did he indicate why he believes that?
7
posted on
08/19/2003 6:43:28 PM PDT
by
Lazamataz
(I'm pretending I'm pulling in a TROUT! Am I doing it correctly?)
To: Lazamataz
Looks at HPs earnings after the bell today. You know they will rev up the layoff/offshoring after that, and Carly and other top manager could use another few million in bonuses I am sure. White collar tech/IT is still trending down, cutting people to cut costs, offshoring, etc.
8
posted on
08/19/2003 6:50:34 PM PDT
by
oceanview
To: oceanview
Well, I never understood why HP is in business any more, frankly. What do they bring to the party? So I expect HP IT to continue to collapse...but the other guys should be better... on the whole, I am starting to believe IT will trend (lightly) up.
9
posted on
08/19/2003 6:57:05 PM PDT
by
Lazamataz
(I'm pretending I'm pulling in a TROUT! Am I doing it correctly?)
To: Lazamataz
they had 17 billion in revenue this quarter.
To: oceanview
"they had 17 billion in revenue this quarter."
Yeah, but what do they do...?
11
posted on
08/19/2003 7:06:41 PM PDT
by
Lazamataz
(I'm pretending I'm pulling in a TROUT! Am I doing it correctly?)
To: Lazamataz
Aha! Found the article about Challenger Gray's comments released
today. Here's the main reason (from the article):
From 1995 to 2002, there were 36% more job cuts announced between September and January than there were between May and August.
So, in short, its just the nature of the economy to lay off more people after Labor Day. So if you thought the first half the year was tearing a hole in your pants, you might want to get some extra stiching put in for the 2nd half.
12
posted on
08/19/2003 7:11:40 PM PDT
by
lelio
To: lelio
Okay, great! Good get. So it's not so much that he's seeing a systemic downturn, it's seasonal.
13
posted on
08/19/2003 7:14:20 PM PDT
by
Lazamataz
(I'm pretending I'm pulling in a TROUT! Am I doing it correctly?)
To: Lazamataz
when is the hiring season? thats what never seems to arrive.
To: Lazamataz; oceanview
Yeah, but what do they do...?
For some scathing criticism of HP / Compaq start with this
TheInquirer.net article.
Some of the other good articles:
When HP bought Compaq, did it buy a crock?HP loses huge corporate contracts after support debacleHP to outsource specialist server support to India
Granted the paper has a big axe to grind with Compaq / HP as its tech website for Australia and HPQ is/was a big employer down there. In a nutshell: both companies aren't making money on hardware and are moving towards offshoring their support desks to maximize profit.
Except companies that are paying you millions in support contracts expect a little more than Dell Indian support. It seems to me a great opportunity for someone to come in and snatch up the laid off high tech stars of HPQ and start a services business.
15
posted on
08/19/2003 7:25:18 PM PDT
by
lelio
To: oceanview
when is the hiring season?
Since you're not experienced, you might only qualify for summer work on a
Alaska Fishing Boat. But you could move up to making $50-75k a year! Course I think that's your projected salary if you stayed on the boat 24x7x52. How's your sea legs?
16
posted on
08/19/2003 7:30:18 PM PDT
by
lelio
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