The Commerce Department full report on Manufacturers’ Shipments, Inventories and Orders shows new orders plunged 2.4% in November after rising 2.8% in October. Shipments, which feed into GDP estimates fell 0.1%. For the year, new orders are down 1.8%.
Motor Vehicles and Parts
The numbers (in millions) in the first three columns indicate the size and relative importance of the categories.
Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.
Motor Vehicles and Parts – Cheap and easy money. Easy loans. LTV ratios make no sense. 5-7 year loans common. People trading in cars with loans that are underwater.
Construction – Cheap and easy money. The government guaranteeing all loans. Down payments of 3-5% now common. Mel Watts lower standards, down payments and credit scores. Loan ratios of 5-7x income now common.
well there goes the neighborhood….
seasonally adjust is not good: and the non seasonally adjusted jobs showed a 500k decrease in December. Fake data reporting.
just now figuring .gov econ. data is complete bs,to an almost farsical degree?where you been the last 8 years
November robbed September and October of their rises. Trend back to mediocre. December’s figures vital. US retail data next week. As for the figures on car sales, we are in 2007 prime time. Here in the UK the CEO of a large dealership complained that the UK sales figures of 2.7 new million vehicles sold were only 2.2 million because dealers are having stock forced on them and using the discounts to sell the cars as newly used. Ho hum
Mish your headline is a bit over the top. Do you really think that a drop of 2.4% is a plunge?
To me, its a slight drop. 10% is a plunge, 20% is a crash.
It could also be called a correction from last month.
If it rose by 2.4% last month, what would you call that? gradual, huge, atmospheric, minor, small?