Economic Reports 02/04/08
Summary: Headline has new orders up six of seven months with no signs of manufacturing recession.
Remember, price increases are are considered "growth". This months increase on surges in defense aircraft, machinery & turbine orders.
Ex transport & ex defense order increases decelerating by 50% with non durables orders gone negative.
Factory Orders Dec +2.3% vs prior 1.7% Full Report
Inside the number: Prior revised up 0.2%. From Table 2 Prelim: Durable goods +5% vs +0.5; Defense aircraft +139.9%; Machinery +7.3%; Turbines +25.3%.
Orders ex transportation +0.7% vs +1.5%; Orders ex defense +1.2% vs +2.4%; Non durable goods -0.4% vs +3%.
Remember, price increases are are considered "growth". This months increase on surges in defense aircraft, machinery & turbine orders.
Ex transport & ex defense order increases decelerating by 50% with non durables orders gone negative.
Factory Orders Dec +2.3% vs prior 1.7% Full Report
Inside the number: Prior revised up 0.2%. From Table 2 Prelim: Durable goods +5% vs +0.5; Defense aircraft +139.9%; Machinery +7.3%; Turbines +25.3%.
Orders ex transportation +0.7% vs +1.5%; Orders ex defense +1.2% vs +2.4%; Non durable goods -0.4% vs +3%.
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