Post by unlawflcombatnt on Nov 5, 2007 5:19:57 GMT -6
According to Friday's report from Briefing.com, Factory Orders are down -0.9% over 1 year ago. But this really understates the current slowdown in manufacturing.
An additional perspective can be seen from Manufacturer's Orders-- comparing the September 2007 vs September 2006 difference, and the September 2006 vs September 2005 difference.
From November 2007's report: not seasonally-adjusted Manufacturer's Orders were
$424.329 billion for Sept. 2007, down -$10.6 billion from $434.803 billion for Sept. 2006.
(underlined in red)
From November 2006's report: not seasonally-adjusted Manufacturer's Orders were
$421.063 billion for Sept. 2006, up +$23.7 billion from $397.383 billion for Sept. 2005.
(underlined in red)
For September, year-to-date Manufacturers' Orders (Factory Orders) were much worse this year than last year.
September 2007's year-to-date Manufacturers' Orders dropped by -0.1%. (over 2006)
September 2006's year-to-date Manufacturers' Orders increased +7.2%. (over 2005)
Durable Orders fell even more.
From the November 2007 report, September 2007's not-seasonally-adjusted Durable Goods Orders were $217.909 billion, -$19.5 billion less than the $237.410 billion from September 2006.
(underlined in blue )
From the November 2006 report, September 2006's not-seasonally-adjusted Durable Goods Orders were $235.262 billion, +$25.8 billion more than the $209.496 billion of September 2005.
(underlined in blue )
Below is a modified copy of Table 2, from the Factory Order reports of both September 2007 (on top) and September 2006 (on the bottom). The key Manufacturers' New Orders numbers are underlined in red. The key Durable Goods Orders are underlined in blue.
The U.S. Manufacturing sector is already in Recession. Construction is in Recession. Housing is in deep recession.
What else is left? Financials? Yeah, they're really doing well now, aren't they.
An additional perspective can be seen from Manufacturer's Orders-- comparing the September 2007 vs September 2006 difference, and the September 2006 vs September 2005 difference.
From November 2007's report: not seasonally-adjusted Manufacturer's Orders were
$424.329 billion for Sept. 2007, down -$10.6 billion from $434.803 billion for Sept. 2006.
(underlined in red)
From November 2006's report: not seasonally-adjusted Manufacturer's Orders were
$421.063 billion for Sept. 2006, up +$23.7 billion from $397.383 billion for Sept. 2005.
(underlined in red)
For September, year-to-date Manufacturers' Orders (Factory Orders) were much worse this year than last year.
September 2007's year-to-date Manufacturers' Orders dropped by -0.1%. (over 2006)
September 2006's year-to-date Manufacturers' Orders increased +7.2%. (over 2005)
Durable Orders fell even more.
From the November 2007 report, September 2007's not-seasonally-adjusted Durable Goods Orders were $217.909 billion, -$19.5 billion less than the $237.410 billion from September 2006.
(underlined in blue )
From the November 2006 report, September 2006's not-seasonally-adjusted Durable Goods Orders were $235.262 billion, +$25.8 billion more than the $209.496 billion of September 2005.
(underlined in blue )
Below is a modified copy of Table 2, from the Factory Order reports of both September 2007 (on top) and September 2006 (on the bottom). The key Manufacturers' New Orders numbers are underlined in red. The key Durable Goods Orders are underlined in blue.
The U.S. Manufacturing sector is already in Recession. Construction is in Recession. Housing is in deep recession.
What else is left? Financials? Yeah, they're really doing well now, aren't they.