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| Economy |
| Sad Factory Orders Report for March 2023 |
| 2023-04-05 |
| [TradingEconomics] New orders for US manufactured goods fell by 0.7 percent from a month earlier in February 2023, following a revised 2.1 percent drop in January and compared with market expectations of a 0.5 percent contraction. It was the second consecutive month of decline in factory orders, as demand for transport equipment was down 2.8 percent mainly due to falling orders for civilian (-6.6 percent) and defense aircraft (-11.1 percent). Demand for machinery and furniture and related products was also down 0.6 percent and 0.3 percent, respectively. On the other hand, new orders rose for electrical equipment, appliances, and components (0.7 percent), fabricated metal products (0.2 percent), primary metals (0.1 percent), and computers and electronic products (0.1 percent). ------------- looks like Q1 of 2023 will have below 2% growth in GDP and the rest of the year looks even worse The United States still has factories ? |
| Posted by:lord garth |
| #1 due to falling orders for civilian (-6.6 percent) and defense aircraft (-11.1 percent). See Delta I find it odd that defense aircraft, a subsidized procurement, falls in the manufactured goods report. |
| Posted by: Skidmark 2023-04-05 06:33 |