Wed May 2, 2012, 12:34 PM
Purveyor (29,876 posts)
New Orders For Factory-Made Goods See Steepest Drop In Three Years
Source: LA Times
Demand for manufactured products posted its largest decline in three years in March, according to a government report released the day after several private reports found major gains in U.S. factory activity. The Commerce Department said that new orders slumped 1.5%, falling $7.1 billion to $460.5 billion, after growing 1.1% in February. That's the steepest drop since March 2009. Demand for transportation equipment suffered the most dramatic plunge, diving 12.6%. Strong auto sales earlier in the year cooled off last month as vstmakers such as Hyundai, Kia and Nissan watched their previously double-digit gains shrink. Without transportation, new orders overall were flat. Durable goods -- products designed to last at least three years -- saw demand drop 0.8%. Read more: http://www.latimes.com/business/money/la-fi-mo-new-factory-orders-20120502,0,5781069.story
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14 replies, 3427 views
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Author | Time | Post |
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Purveyor | May 2012 | OP |
xchrom | May 2012 | #1 | |
Iliyah | May 2012 | #2 | |
Amonester | May 2012 | #4 | |
rsmith6621 | May 2012 | #3 | |
lib2DaBone | May 2012 | #5 | |
BadgerKid | May 2012 | #7 | |
shraby | May 2012 | #6 | |
GeorgeGist | May 2012 | #8 | |
Egalitarian Thug | May 2012 | #9 | |
DallasNE | May 2012 | #10 | |
progressivebydesign | May 2012 | #14 | |
madrchsod | May 2012 | #11 | |
Dawson Leery | May 2012 | #12 | |
progressivebydesign | May 2012 | #13 |
Response to Purveyor (Original post)
Wed May 2, 2012, 12:49 PM
Iliyah (25,111 posts)
2. Oh my Gawd
LA Times, phew, what a paper, NOT
OK, get congress to approve job creation by, hmmmmmmmm, repairing the infrastructure here in the US? |
Response to Iliyah (Reply #2)
Wed May 2, 2012, 01:03 PM
Amonester (11,541 posts)
4. "get congre$$ to" do what??
THAT teaRoari$t-led house™???
Although we wish... |
Response to Purveyor (Original post)
Wed May 2, 2012, 12:50 PM
rsmith6621 (6,942 posts)
3. They Are Prepping Us For Dissapointing Numbers on Friday
Thats all... |
Response to Purveyor (Original post)
Wed May 2, 2012, 01:04 PM
lib2DaBone (8,124 posts)
5. $4 gas kicks in.. right on schedule.
Response to lib2DaBone (Reply #5)
Wed May 2, 2012, 01:55 PM
BadgerKid (4,480 posts)
7. Speaking of which....8 year gas chart
We may be six weeks or so away from peak prices.
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Response to Purveyor (Original post)
Wed May 2, 2012, 01:48 PM
shraby (21,946 posts)
6. The drop just might indicate that consumers are tired of buying defective goods
from other countries. I know the appliances we've bought lately can't hold a candle to the ones I bought in the 1960s/1970s. They are just simply junk along side of what was.
Even the revered old Singer sewing machines have become junk. I liked my old Singer treadle machine that was probably 40 years old when I got it used. It worked better than the new electric Singer I bought in the 1960s. The only reason I bought an electric was because it could do zigzag stitches and I had 3 boys who created situations where a zigzag stitch would fix the tears. The Maytag washer and dryer set I had lasted about 16 years. The only reason I got rid of them was because we had to go on the road for my husband's job. The next ones I bought were old used ones which held up better than the new set I bought a few years ago. I'll never buy Maytag again..their stuff is junk anymore. Now just why would purchases of "durable" goods go down? Because those goods aren't durable anymore. |
Response to shraby (Reply #6)
Wed May 2, 2012, 02:19 PM
GeorgeGist (25,199 posts)
8. n=1
Isn't a trend.
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Response to Purveyor (Original post)
Wed May 2, 2012, 02:45 PM
Egalitarian Thug (12,448 posts)
9. Summer, 2008. K&R n/t
Response to Purveyor (Original post)
Wed May 2, 2012, 03:07 PM
DallasNE (7,275 posts)
10. Can't Put That Much Stock In A Single Month
When you look a both February and March combined it doesn't look nearly as bad suggesting something about the reporting calendar had an impact. Also note that the last steep decline was also in a March so seasonal factors could be at play as well. Now, it the trend continues in April it would start to be a concern. Also, transportation is very volitile although that is usually aircraft related. Just need to wait another month before getting too excited.
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Response to DallasNE (Reply #10)
Thu May 3, 2012, 01:35 AM
progressivebydesign (19,458 posts)
14. the massive tornados that hit an unprecedentedly large area of the US, definitely contributed. n/t
Response to Purveyor (Original post)
Wed May 2, 2012, 09:45 PM
madrchsod (58,162 posts)
11. around my part of northern il we have jobs
new and hired back. temp to full time, welders,assembly,and front office personal. the factory my daughter works just hired a supervisor from colorado.
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Response to Purveyor (Original post)
Thu May 3, 2012, 01:04 AM
Dawson Leery (19,332 posts)
12. Factory growth shows strength
Response to Purveyor (Original post)
Thu May 3, 2012, 01:34 AM
progressivebydesign (19,458 posts)
13. Hate to ruin things for the Eyore crowd..
but.. what exactly was going on in March? Oh yes.. tornadoes of massive proportions across a HUGE swath of the Country, and other weather of biblical proportions.
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