Factory Orders Pull Back As Expected in August

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Economic Update: US Factory Orders

Factory Orders for the month of August fell by -5.2%, which was slightly better than the consensus for a gain of -5.3%.

Looking back, the July number was revised down to +2.6% from +2.8%

Prior readings for comparison purposes:

• June: -0.5%
  
• May: +0.5%
  
• April: -0.7%
  
• March: -2.1%
  
• February: +1.3%
  
• January: -1.1%

Stocks have seen little reaction due to the fact that this is an old number by now.

Other stories on the US Economy to review:

• Challenger: Planned Job Cuts Remain Near 21-month Low
  
• ISM Non-Manufacturing Index Improves in September, But...
  
• ADP Report Shows Job Market Improved Modestly in September
  
• ISM Manufacturing Returns to Expansion Mode in September
  
• University of Michigan Consumer Sentiment Improves in September
  
• Chicago PMI Dives Below 50 in September
  
• Personal Income and Spending a Mixed Bag in August
  
• Pending Home Sales Point To a Potential Problem
  
• GDP Growth Rate Revised Down Significantly in Q2
  
• Durable Goods Orders Plunged in August
  
• New Home Sales Steady in August
  
• Richmond Fed Index Surprises to the Upside
  
• Consumer Confidence Surges Higher in September
  
• Case-Shiller Home Price Index Improves for 3rd Straight Month
  
• Philly Fed Index Improves in Sept, But Weakness Persists
  
• LEI Dips in August
  
• Exsiting Home Sales Improve in August
  
• Housing Starts Up in August, Permits Lower
  
• Homebuilder Confidence Up Again in Sept
  
• Industrial Production, Capacity Utilization Decline in August
  
• Retail Sales Improve In August
  
• CPI - Inflation In Line With Consensus
  
• PPI Hotter Than Expected in August
  
• Jobs Report Disappoints in August
  
• U.S. Productivity Improves, Labor Costs Steady

 

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