US Factory Goods Demand Falls Unexpectedly

Irish Times ^ | August 3, 2012 | Financial Times Limited

[Son House]

Demand for US factory goods fell unexpectedly in June, reflecting a drop in corporate investment and the biggest decreases in non-durable goods orders for over three years.

Factory orders fell 0.5 per cent, compared with analysts’ expectations of a 0.7 per cent rise, US commerce department figures showed yesterday. June’s fall followed a downwardly revised 0.5 per cent increase in May, after sharp declines the two previous months.

Economists fear a slowdown in momentum, given that manufacturing had been regarded as the mainstay of a US economic recovery. The sector accounts for about 12 per cent of the economy.

[SteveH]

keyboard spew alert

[SteveH]

Everyone who was playing that game is dead from cirrhosis.

Folks of Irish descent are immune to that... :-)

[EEGator]

Then I am immune. The time for “unexpected” is approaching soon.