Factory Orders Post Biggest Decline in Three Years

Reuters ^ | May 2, 2012

[Free ThinkerNY]

New orders for U.S. factory goods in March recorded their biggest decline in three years as demand for transportation equipment and a range of other goods slumped, government data showed on Wednesday.

The Commerce Department said orders for manufactured goods dropped 1.5 percent after a revised 1.1 percent rise in February.

Economists had forecast orders falling 1.6 percent after a previously reported 1.3 percent increase in February.

While the report showed broad weakness in March in a sector that has carried the economic recovery, anecdotal evidence suggests factories continued to expand as the second quarter started.

The Institute for Supply Management's index of national manufacturing activity climbed to a 10-month high in April, with a measure of new orders received by factories the highest in a year, data showed on Tuesday.

[SampleMan]

How dare the factory directors defy this robust recovery!! It is time to mandate production. Perhaps a 5-year plan to get Obama to the beginning of his third term.

[GonzoGOP]

And the DJIA loves it. Down only 11 points but up since 10:00 am.

[Paladin2]

Zer0 could certainly use his own Great Leap Forward, with a pic of him swimming the Potomac.

[theDentist]

Biggest Decline in Three Years

"FORWARD!... into the Past!

[JLAGRAYFOX]

More failure from the lack of leadership by POTUS Obama. Obama, however is overjoyed. He wants America to fail. ABO=Anybody But Obama!!! Obama, worst POTUS in the history of the USA.....and a traitor, too!!!

[Lazlo in PA]

The market is a bad indicator of anything. The volume is still so low that just a bunch of institutional players are in there anymore.

[Uncle Miltie]

In before “unexpectedly?”

[Kartographer]

The Administration will soon kick off another "Recovery Summer" tour.

Meanwhile the rest of us plan our vacations to 'Obamaville'.



OBAMAVILLE

Gett’n a head fake,
watchin' msn’s take;
All of their pundits oozing foul oil.
Clean’n my six gun on my front porch swing.
Felling my blood--
It’s beginnin' to boil.
Wasted away again in Obamaville,
Searchin' for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know it's Obama’s fault.

There’s no rhyme or reason,
They are all commitin’ treason
With nothing to show but a brand new tax or two.
But they are real beauties,
Despotic duties, how they got passed
I haven't a clue.
Wasted away again in Obamaville,
Searchin' for a job so I can earn my salt.
Some people claim that it’s Bush we should blame,
Now I think,-- hell with them it’s Obama’s fault.

I blew out my flip flop,
Stepped on a pop top;
Cut my heel, but I just cruise on back home.
Because no medical care will the doctors render
They say there’s little service I can tender
And there’s no need for me to hang on.
Wasted away again in Obamaville
Searchin' for a job so I can earn my salt.
Some people claim that Bush is to blame,
But I know, it's my own damn fault.
Yes, and some people claim that Bush is to blame,
And I know because of my vote it's my own damn fault damn fault.

[Venturer]

The Obama recovery.

You aint seen nothin” yet

[Truth29]

http://www.freerepublic.com/focus/f-news/2879050/posts

[kearnyirish2]

“The market is a bad indicator of anything.”

You’re right; companies’ stocks soar when they send jobs to Asia, so a rally in the market could just as easily mean more misery for Americans...

[newzjunkey]

Ok, so the rise is now a net decline? It didn’t rise as much as thought and dropped slightly less than thought. Thrilling, absolutely thrilling. I guess this is spun as evidence of a robust recovery.

[bert]

Last week I spoke with the CEO of a small company manufacturing specialty mining equipment. He said they have many recent quotes outstanding from good customers.

Presently it is slow and they have their people working 4 days a week.

He is dreading the day it cuts loose because he will have more than he can do.

[Maceman]

Factory Orders Post Biggest Decline in Three Years

Obama owns this motherf***ker.