02 Friday Sep 2016
Posted | September 2, 2016 9:47:03 | Economics
Factory orders rose a reported 1.9% in July, a tad less than the Econoday Consensus of 2.0%.
Economists usually get this report reasonably accurate because of the advance durable goods report.
However, June was revised from -1.5% to -1.8% so this bounce is nothing much to brag about.
Factory Orders
Factory orders have be hovering around the zero line for years.
Mike “Mish” Shedlock
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“Factory orders rose a reported 1.9% in July, a tad less than the Econoday Consensus of 2.0%.”
Despite the bump, the year to date [total new orders all industries manufacturing] over 2015 got worse.
June … -2.6%
July … -3.1%
We live in a no growth world.
private sector u are correct,public sector growing like weeds