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Sev
05-02-2012, 12:32 PM
But the summer of recover is coming this time.

Hope & Change!!!

<span style='font-size: 20pt'>Factory Orders Post Biggest Decline in Three Years</span>


http://www.cnbc.com/id/47262178
New orders for U.S. factory goods in March recorded their biggest decline in three years as demand for transportation equipment and a range of other goods slumped, government data showed on Wednesday.

http://media.cnbc.com/i/CNBC/Sections/News_And_Analysis/__Story_Inserts/graphics/__MANUFACTURING/factory-worker2-200.jpg
The Commerce Department said orders for manufactured goods dropped 1.5 percent after a revised 1.1 percent rise in February.

Economists had forecast orders falling 1.6 percent after a previously reported 1.3 percent increase in February.

While the report showed broad weakness in March in a sector that has carried the economic recovery, anecdotal evidence suggests factories continued to expand as the second quarter started.

The Institute for Supply Management's index of national manufacturing activity climbed to a 10-month high in April, with a measure of new orders received by factories the highest in a year, data showed on Tuesday.

The Commerce Department report showed orders for transportation equipment tumbled 12.6 percent in March on weak orders for civilian aircraft. Orders for motor vehicles and parts was flat in March after rising 1 percent in February.

Auto sales surged early in the year reflecting pent-up demand from households after a devastating earthquake and tsunami in Japan caused disruptions to auto production in 2011 and left dealers without models that consumers wanted to buy.

Industry data on Tuesday showed motor vehicle sales increased at an annual rate of 14.4 million units in April after rising at a 14.3 million unit pace in March, suggesting fundamental strength in the sector.

Strong auto sales buoyed consumer spending in the first quarter and contributed significantly to the economy's 2.2 percent growth pace during that period.

Factory goods orders excluding transportation were flat in March after rising 1 percent the prior month.

Unfilled orders at U.S. factories edged up 0.1 percent after rising 1.2 percent in February. Shipments of factory goods increased 0.7 percent after rising 0.1 percent the prior month, while inventories gained 0.3 percent.

The department said orders for durable goods, manufactured products expected to last three years or more, fell 4 percent instead of the 4.2 percent decline reported last week.

Durable goods orders excluding transportation were down 0.8 percent rather than 1.1 percent.

Orders for non-defense capital goods excluding aircraft seen as a measure of business confidence and spending plans dipped 0.1 percent in March instead of the previously reported 0.8 percent drop.

Soflasnapper
05-02-2012, 01:15 PM
These monthly reports are interesting, and somewhat informative. However, one cannot over read what they really mean, for several reasons. One is that they are subject to revision, and the revision is supposed to be more accurate than these first reports.

More importantly, though, is that there are 11 other such reports each year. Any given month's figures yield only as much insight into TRENDS as they are shown to lie within the trend. Which awaits confirmation or disconfirmation that they do or do not jibe with the overall trend, meaning over many months and quarters and the year or years.

Seizing at any given monthly figure as telling the whole story is like stating global warming must be here, or must be over, by referring to an instant period of warm or hot weather, or the opposite. That's not a proper methodology, and it's unsound.

Earlier this very warm winter and into early spring, numbers were skewed upwards, as the usually inclement weather and holding back of construction due to snow and harsh conditions was broadly absent. Business that would have been done after the harsh conditions waned has already been accomplished. When things are overstated for whatever technical reasons, you usually find a compensatory understatement of trend, as a mirror image effect.

Sev
05-02-2012, 02:17 PM
True.
However no matter how they spin it. Currently the economy is anemic and will most likely not much life for quite some time.

High energy prices are causing consumers to re-target how they are using their incomes. Vacation travel is forecast to be down. Therefore the tourist and hotel industries will be effected.
The housing market continues to drop.

Unemployment in the Euro zone is at an all time high and now Spain may need a bailout.

China is is dealing with its own emerging bubble.

The pool of available jobs in the US has shrunk by over 2 million.
Mass layoffs are still occurring.
Hiring has just dropped to a new low.
Unemployment claims are swinging up.

Wall Street and the foreign markets are off in a world of their own.

Lots of factors to consider. However over all its not a pretty picture that is being painted.

eg8r
05-02-2012, 03:03 PM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">These monthly reports are interesting, and somewhat informative. However, one cannot over read what they really mean, for several reasons. One is that they are subject to revision, and the revision is supposed to be more accurate than these first reports.
</div></div>LOL, kind of like every time Obama releases his UE numbers and the lefties on this board soil themselves in joy only to find out the numbers get corrected at a later date to a number not so exciting. At which point they just try and be quiet and hope the less than desirable news gets swept by.

eg8r

Soflasnapper
05-02-2012, 04:16 PM
Any particular good number, I agree. I'd disagree, if a good number were in a series that showed a good trend, however.

cushioncrawler
05-02-2012, 04:23 PM
At least there will be a nice small spike when my recent purchase of 3 boxes of elk tips iz added.
No wait a mo, i got them from the UK. Ignore this.
mac.

Sev
05-02-2012, 06:41 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: cushioncrawler</div><div class="ubbcode-body">At least there will be a nice small spike when my recent purchase of 3 boxes of elk tips iz added.
No wait a mo, i got them from the UK. Ignore this.
mac. </div></div>

Snooker player?

cushioncrawler
05-02-2012, 11:30 PM
9.5mm and 10mm and 11mm.
I would hav gottem from theusofa but theusofa didnt hav any 9.5mm and elk are made in theusofa.
Go figure.
mac.