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mahatmakanejeeves

(56,884 posts)
Fri Jan 6, 2017, 11:59 AM Jan 2017

Factory orders tumble 2.4% in November

Source: MarketWatch

Factory orders tumble 2.4% in November

Published: Jan 6, 2017 10:21 a.m. ET

Excluding the volatile transportation sector, orders ticked up 0.1%.

By Andrea Riquier

@ARiquier
https://twitter.com/ARiquier

Factory orders retreated in November, snapping a four-month winning streak, the Commerce Department said Friday.

The 2.4% decline was a bit stronger than the 2.3% forecast by economists surveyed by MarketWatch, but it followed an upward revision to Octobers gain, taking that to 2.8%. Compared to a year ago, orders were down 1.8%

Orders for durable goods slid 4.5%, while orders for nondurable goods were down 0.2%. ... Shipments declined 0.1% in November, as did unfilled orders. Inventories increased 0.2%.

Economists are hoping that the long slump in manufacturing will reverse as the shock to oil recedes.

Read more: http://www.marketwatch.com/story/factory-orders-tumble-24-in-november-2017-01-06

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Factory orders tumble 2.4% in November (Original Post) mahatmakanejeeves Jan 2017 OP
Where's the tweet? atreides1 Jan 2017 #1
Breaking with Republican tradition, Comrade Casino (R) tells truth & admits he is responsible Achilleaze Jan 2017 #2

atreides1

(16,046 posts)
1. Where's the tweet?
Fri Jan 6, 2017, 12:01 PM
Jan 2017

Trump takes credit for everything else, he took credit for the stock market rise, he took credit for the Carrier deal, he took credit for the Ford and Sprint decisions, too!


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