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Thu Dec 6, 2018, 11:21 AM

US factory orders post largest drop in more than a year

Source: CNBC

New orders for U.S.-made goods recorded their biggest drop in more than a year in October and business spending on equipment appeared to be softening, suggesting a slowdown in activity in the manufacturing sector.

Factory goods orders fell 2.1 percent amid a decline in demand for a range of goods, the Commerce Department said on Thursday. That was the largest decrease in orders since July 2017. Data for September was revised lower to show factory orders rising only 0.2 percent instead of the previously reported 0.7 percent increase.

Read more: https://www.cnbc.com/2018/12/06/us-factory-orders-post-largest-drop-in-more-than-a-year.html



But her emails!

9 replies, 853 views

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Reply US factory orders post largest drop in more than a year (Original post)
Yosemito Thursday OP
The Velveteen Ocelot Thursday #1
VMA131Marine Thursday #2
beachbum bob Thursday #3
Achilleaze Thursday #4
Initech Thursday #5
mahatmakanejeeves Thursday #6
Auggie Thursday #7
BigmanPigman Thursday #8
amcgrath Thursday #9

Response to Yosemito (Original post)

Thu Dec 6, 2018, 11:21 AM

1. So much winning.

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Response to Yosemito (Original post)

Thu Dec 6, 2018, 11:23 AM

2. A natural result of raising the price on everything with tariffs!

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Response to Yosemito (Original post)

Thu Dec 6, 2018, 11:29 AM

3. lost of export market I suspect and rising cost due to ttump tariff tax

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Response to Yosemito (Original post)

Thu Dec 6, 2018, 11:31 AM

4. Stupid republicans have crapped on America's economy

republican policies are a total screwjob on everything great about America.

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Response to Yosemito (Original post)

Thu Dec 6, 2018, 11:37 AM

5. MAGA!

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Response to Yosemito (Original post)

Thu Dec 6, 2018, 11:48 AM

6. Welcome to DU. NT

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Response to Yosemito (Original post)

Thu Dec 6, 2018, 12:17 PM

7. Hello, recession

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Response to Yosemito (Original post)

Thu Dec 6, 2018, 03:55 PM

8. He makes GREAT deals!

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Response to Yosemito (Original post)

Thu Dec 6, 2018, 04:33 PM

9. You can blame this on tarrifs

Or a number of other reasons.

The one that nobody seems willing to broach, is the 'cool factor'. There was a time when US goods were in huge demand. A pair of Raybans or Levi's were better than cash in some parts of the world. - America was actually seen as that 'shining city'.

No longer. Decades of illegal foreign wars, bullying and harmful foreign policies turned much of that good will into contempt and loathing.

More recent years have seen the US regarded as a land of excess and stupidity. Crazed evangelical gun nuts, and a country stupid enough to have elected Donald Trump.

You think Trump has been bad for American products. Just wait until the numbers come in for what he has done to tourism.

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