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| Economy |
| US Factory Orders Fell Unexpectedly in August |
| 2011-10-04 |
| New orders for U.S. factory goods fell in August for the second time in three months, suggesting a possible softening in the manufacturing sector which has carried the economic recovery. The Commerce Department said on Tuesday orders for manufactured goods decreased 0.2 percent after a downwardly revised 2.1 percent increase in July. Economists had forecast orders to be unchanged after a previously reported 2.4 percent increase in July. While the report showed some weakness in the factory sector, a report on Monday by the Institute for Supply Management showed national manufacturing activity rose in September, which had eased concerns the U.S. was slipping into a new recession [cnbc explains] . The Commerce Department report showed orders excluding transportation decreased for the first time in six months, falling 0.2 percent. Orders for transportation equipment dropped 0.1 percent in August as demand for motor vehicles fell 5.3 percent. |
| Posted by:Beavis |
| #5 Factories? In the US? We don't have factories here anymore. We don't even manufacture basic textiles today. Mitch McConnell's spousal unit, Elaine (Chao), a former SECY of LABOR took care of that pesky issue years ago. |
| Posted by: Sping Panda9115 2011-10-04 21:07 |
| #4 Not sure "economic recovery" means what normal people think it means either! |
| Posted by: Bright Pebbles 2011-10-04 18:00 |
| #3 Unexpectedly? I don't think the word means what you think it means. |
| Posted by: AlmostAnonymous5839 2011-10-04 16:20 |
| #2 "Experts": credentialed, not educated (HT: Instapundit) |
| Posted by: Pollyandrew 2011-10-04 16:03 |
| #1 In other words, the economic experts still are doing the same thing as they have been for the past two years and expect different results. It's a mad, mad, mad, mad, mad world. |
| Posted by: DarthVader 2011-10-04 14:31 |