Skip to comments.US Factory Orders "Unexpectedly" Decline; US Car Sales "Unexpectedly" Decline
Posted on 08/03/2012 10:18:18 AM PDT by Kaslin
The words for the day once again are "unexpectedly declined". I have a couple of examples.
The New York Times reports U.S. Factory Orders Fall Unexpectedly
New orders for factory goods unexpectedly fell in the United States in June, a fresh sign that the slowdown in the countrys manufacturing sector will probably stretch into the second half of the year.Car Sales "Somewhat Softer Than Expected"
The Commerce Department said on Thursday that new orders for manufactured goods dropped 0.5 percent during the month. Economists in a Reuters poll had forecast a rise of 0.5 percent.
American factories appear to be one of the sectors most vulnerable to Europes festering debt crisis. The trend in American manufacturing has appeared softer and has added to concerns the economic recovery is losing steam. The decline in new orders in June will probably mean softer output down the road, which could weigh on economic growth.
Major automakers reported U.S. auto sales for July that were somewhat softer than expected as high U.S. unemployment and weak consumer confidence kept would-be buyers on the sidelines.Expect the Unexpected
July auto sales showed the continuation of what has been a slowdown in growth since the late spring. Sales early this year shot past even the most bullish forecasts, but starting in May, the rate of improvement started to weaken.
"If we were talking in February this year and you asked me what we're going to have July, I'd say at least 14 and a half," said TrueCar.com analyst Jesse Toprak. "But we're going to barely get to 14."
GM, the largest U.S. automaker, reported on Wednesday a 6 percent drop in July U.S. sales, while Ford posted a 4 percent drop. The smallest U.S. automaker, Chrysler Group LLC, posted a 13 percent increase.
GM and Ford both pinned their declines on lower sales to fleet customers like rental car companies. GM's fleet sales fell 41 percent, in line with the company's forecast last month.
But their overall results were still lower than some estimates. Analysts had expected better financing deals, pent-up demand and increased construction spending to offset the sluggish U.S. economy.
Toyota sales were up 26 percent to 164,898 in July. A year ago, Toyota was still grappling with major vehicle shortages stemming from the March earthquake in Japan. In a release, Toyota said customers were taking advantage of long-term, low-interest financing at low lease rates.
This time next week it'll be adjusted downward to 90k per usual.
Despite the best efforts of the Baraqqis and the MSM to control the discussion, things aren’t looking too good.
Gasoline jumped to $4/gallon here in Indiana this week also.
MSNBC trying to tell a different story here...
Shipments out of the factory I work have been booming this year but they did slow in July.
In November, Barry will be defeated ‘unexpectedly’ in an ‘unprecedented’ and ‘surprising’ LANDSLIDE. Back to Chicago you idiots.
The Main Stream Media seems to be constantly shocked at how poorly the American economy is doing under ObamaNomics. Whenever poor business, house, or job news comes out, they are quick to throw on the word "unexpectedly," pretending that the economy is actually doing great, but this one time it hiccupped. But the problem is, the poor economic news is quite expected because of President Obama's incompetence .
So, I decided to take some time and compile some of the "unexpectedlies" from the start of the year until today. But before I begin, just remember what Albert Einstein once said (which is normally attributed to Benjamin Franklin): "Insanity: doing the same thing over and over again and expecting different results."
So, without further ado:
U.S. Consumer Sentiment Unexpectedly Falls to Six-Month Low on Job Outlook, from Bloomberg, May 31, 2011
US Q4 growth unexpectedly revised down, from EuroNews, February 25, 2011
U.S. Factory Orders Drop Unexpectedly, from Industry Week, March 24, 2011
US Services Economy Slowed Unexpectedly in March: ISM, from MSNBC, April 5, 2011
U.S. Jobless Claims Unexpectedly Jump, Reflecting Quarter-End Volatility, from Bloomberg, April 14, 2011
"Core U.S. producer prices rose slightly faster than expected," from Reuters, April 14, 2011
Construction Spending in U.S. Unexpectedly Fell to Decade Low, from Bloomberg, from February 1, 2011
U.S. initial jobless claims rise unexpectedly, from Forexpros, June 23, 2011
"Unexpectedly weak economic data," from Economics Newspaper, from April 2011
U.S. Economy: Goods Orders Unexpectedly Fall, Claims Drop, from Bloomberg, March 24, 2011
"Confidence among U.S. consumers unexpectedly declined in January," from Bloomberg, January 14, 2011
"Initial Jobless Claims Rise Unexpectedly," from Reuters, April 28, 2011
"Confidence among U.S. consumers unexpectedly fell in December," from Bloomberg Businessweek, January 3, 2011
Jobless Claims Unexpectedly Rise to Three-Month High, from Money News, April 28, 2011
U.S. Economy: Confidence Unexpectedly Drops to 6-Month Low, from Bloomberg Businessweek, May 31, 2011
U.S. initial unemployment claims unexpectedly soars, from World Bank, May 5, 2011
Housing Starts Unexpectedly Plunge 10.6%, Pointing to More Construction Woes, from Money News, May 19, 2011
Consumer confidence falls unexpectedly in May, from USA Today, May 31, 2011
Unemployment Claims in U.S. Unexpectedly Increased to 424,000 Last Week, from Bloomberg, May 26, 2011
"New U.S. claims for unemployment benefits unexpectedly climbed to 424,000 last week," from CNBC, May 26, 2011
U.S. Jobless Claims Unexpectedly Climb, from Bloomberg, June 9, 2011
U.S. Economy: Previously Owned Home Sales Unexpectedly Fall, from Bloomberg Businessweek, May 19, 2011
US Q1 corporate profits drop unexpectedly, from Business Speculator, May 26, 2011
Jobless Claims in U.S. Unexpectedly Jump on One-Time Events, from Bloomberg, May 5, 2011
"Industrial production in the U.S. unexpectedly stalled in April and housing starts dropped," from Bloomberg Businessweek, May 17, 2011
In case you didn't notice, quotation marks denotes quotes from articles.
Update- More headlines and quotes:
"Wall Street tumbled at Thursday’s opening bell after the government reported an unexpectedly sharp jump in unemployment claims," from MSNBC, June 23, 2011
"The Federal Reserve stayed the course on monetary policy Wednesday, citing "likely" temporary factors for the unexpectedly sluggish growth in the US economy," from MSN, June 22, 2011
U.S. Jobless Claims Unexpectedly Climb, from Bloomberg, June 9, 2011
"The dollar slumped on Friday after a government report showed an unexpectedly small amount of hiring in May," from MSN, June 4, 2011
"The National Association of Home Builders’ sentiment index unexpectedly fell to 13 in June from 16 in May," from the Financial Times, Jue 15, 2011
"The jobless rate, which is obtained from a separate household survey, unexpectedly rose to 9.1 percent in May," from Fox Philadelphia, June 3, 2011
U.S. jobless claims rises unexpectedly, from the AP, June 9, 2011
"Consumer confidence unexpectedly decreased in May," from Bloomberg, June 13, 2011
"An unexpected jump in claims for unemployment benefits," from the AP, June 23, 2011
And a few that, instead of using "unexpected," use "more than expected:"
Jobless claims rise more than expected, Reuters, June 23, 2011
Economy cools more than expected, rattling stock market, from the Christian Science Monitor, June 1, 2011
US Economy Growing Slower Than Expected, from the Money Times, June 23, 2011
US home sales fall more than expected, from the Financial Times, March 21, 2011
U.S. trade deficit widened more than expected in March, from MSNBC, May 11, 2011
US GDP Growth Slows More Than Expected, from Sky News, April 28, 2011
Jobless Claims Rise More Than Expected, from Industry Week, March 10, 2011
The Titanic “unexpectedly declined”. This disaster, we saw coming years ago. The election of Obama hastened it.
We have often wallked down this street before.....
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