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PoliticAverse

(26,366 posts) Tue Jan 27, 2015, 09:57 AM Jan 2015

U.S. durable-goods orders plunge 3.4% in December

Source: MarketWatch

WASHINGTON (MarketWatch) - Orders for durable U.S. goods plunged 3.4% in December, the fourth decline in the past five months, the Commerce Department said Tuesday.
...

Economists surveyed by MarketWatch had expected durable-goods orders to rise 0.1%. Adding to the sense of weakness, durable-goods orders for November were revised to show a 2.1% decline instead of a drop of 0.9%.

Read more: http://www.marketwatch.com/story/us-durable-goods-orders-plunge-34-in-december-2015-01-27

14 replies

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Highlight:

U.S. durable-goods orders plunge 3.4% in December (Original Post) PoliticAverse Jan 2015 OP

Green Shoo... er MannyGoldstein Jan 2015 #1

Cross your fingers!!!! JoePhilly Jan 2015 #2

I gotta, say, the attention you give me is flattering MannyGoldstein Jan 2015 #3

Rich folks already have what they need and what they want and poor working folks kelliekat44 Jan 2015 #4

An entire nation being managed into lower income, less security, and most jtuck004 Jan 2015 #5

Durable-Goods Orders Falter, Stirring Growth Concerns mahatmakanejeeves Jan 2015 #6

From the source, the U.S. Census Bureau: mahatmakanejeeves Jan 2015 #7

Thanks for the links. n/t PoliticAverse Jan 2015 #9

You are welcome. mahatmakanejeeves Jan 2015 #10

Hey the 1% have everything they need already workinclasszero Jan 2015 #8

Watch the Baltic Dry Index as a future indicator of economic growth: snappyturtle Jan 2015 #11

Yes many people like the BDI as a good summary of the economy. n/t PoliticAverse Jan 2015 #12

Yipes. nt bemildred Jan 2015 #14

Time to make them less durable! Ykcutnek Jan 2015 #13

MannyGoldstein

(34,589 posts)

1. Green Shoo... er

Reply to PoliticAverse (Original post)

Tue Jan 27, 2015, 10:00 AM

Jan 2015

Never mind.

JoePhilly

(27,787 posts)

2. Cross your fingers!!!!

Reply to MannyGoldstein (Reply #1)

Tue Jan 27, 2015, 10:02 AM

Jan 2015

MannyGoldstein

(34,589 posts)

3. I gotta, say, the attention you give me is flattering

Reply to JoePhilly (Reply #2)

Tue Jan 27, 2015, 10:04 AM

Jan 2015

I can usually count on your antisupport when I post.

A teensy bit creepy, but flattering wins out.

kelliekat44

(7,759 posts)

4. Rich folks already have what they need and what they want and poor working folks

Reply to PoliticAverse (Original post)

Tue Jan 27, 2015, 10:05 AM

Jan 2015

can't afford stuff on their low wages. It's pretty simple.

jtuck004

(15,882 posts)

5. An entire nation being managed into lower income, less security, and most

Reply to PoliticAverse (Original post)

Tue Jan 27, 2015, 10:25 AM

Jan 2015

blithely walking through the day, getting behind with each step they take, voting for people to lie to us and tell us it will be some other way since 1981.

...
"From The Atlantic: "The U.S.-based CEO of one of the world’s largest hedge funds told me that his firm’s investment committee often discusses the question of who wins and who loses in today’s economy. In a recent internal debate, he said, one of his senior colleagues had argued that the hollowing-out of the American middle-class didn’t really matter. His point was that if the transformation of the world economy lifts four people in China and India out of poverty and into the middle class, and meanwhile means one American drops out of the middle class, that’s not such a bad trade.""
...
http://www.economicpopulist.org/content/tale-two-charts-5664

There are, approximately, 10 million more people in poverty in the U.S. than there were 6 years ago. Their recovery was paid to the bank$ters.

mahatmakanejeeves

(57,600 posts)

6. Durable-Goods Orders Falter, Stirring Growth Concerns

Reply to PoliticAverse (Original post)

Tue Jan 27, 2015, 11:32 AM

Jan 2015

Durable-Goods Orders Falter, Stirring Growth Concerns

Weaker-Than-Expected Reading Raises Questions Over Business Strength

By Josh Mitchell And Jeffrey Sparshott
Updated Jan. 27, 2015 9:56 a.m. ET

joshua.mitchell@wsj.com

jeffrey.sparshott@wsj.com
@jeffsparshott

WASHINGTON—Demand for big-ticket manufactured goods tumbled last month, a sign U.S. businesses remain cautious about spending despite the economy’s recent momentum.

Orders for durable goods—products like kitchen appliances and cars designed to last at least three years—declined a seasonally adjusted 3.4% in December from a month earlier, the Commerce Department said Tuesday. That marked the second consecutive monthly drop. Excluding the volatile transportation sector, orders dropped 0.8%.

Economists surveyed by The Wall Street Journal had expected overall orders to rise 0.3% last month. ... Data on durable goods can be volatile, with the government often revising estimates as more information becomes available. While cautioning not to read too much into one report, one economist said the latest figures suggest U.S. growth in the fourth quarter was weaker than most current projections.

“The always volatile durable-goods number for December was absolutely terrible,” Dan Greenhaus of BTIG said in a note to clients. ... U.S. stocks tumbled in the wake of the report. The Dow Jones Industrial Average tumbled by nearly 300 points in the first half-hour of trade.

mahatmakanejeeves

(57,600 posts)

7. From the source, the U.S. Census Bureau:

Reply to PoliticAverse (Original post)

Tue Jan 27, 2015, 11:49 AM

Jan 2015

Manufacturers’ Shipments, Inventories, & Orders

Go to "Advance Report Highlights" and make your choice.

I had to go into the source code to get the addresses of the reports themselves:

Full - Text and Tables

Table 1 - Shipments and New Orders

Table 2 - Unfilled Orders and Inventory

From the full report:

U.S. Census Bureau News
U.S. Department of Commerce - Washington, D.C. 20233

FOR IMMEDIATE RELEASE
TUESDAY, JANUARY 27, 2015, AT 8:30 A.M. EST

Adriana Stoica
Economic Indicators Division
(301) 763-4832

M3-1 (14)-12
CB15-10

Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders
December 2014

New Orders

New orders for manufactured durable goods in December decreased $8.1 billion or 3.4 percent to $230.5 billion, the U.S. Census Bureau announced today. This decrease, down four of the last five months, followed a 2.1 percent November decrease. Excluding transportation, new orders decreased 0.8 percent. Excluding defense, new orders decreased 3.2 percent.

Transportation equipment, also down four of the last five months, led the decrease, $6.8 billion or 9.2 percent to $66.7 billion.

PoliticAverse

(26,366 posts)

9. Thanks for the links. n/t

Reply to mahatmakanejeeves (Reply #7)

Tue Jan 27, 2015, 12:01 PM

Jan 2015

mahatmakanejeeves

(57,600 posts)

10. You are welcome.

Reply to PoliticAverse (Reply #9)

Tue Jan 27, 2015, 12:45 PM

Jan 2015

The Department of Commerce doesn't make it an easy thing to do. Good luck finding it. Then, once you have it, you need to go into the source code to get the URLs of the documents.

Good luck with that.

The Bureau of Labor Statistics is much easier to work with.

Thank you for writing.

Best wishes.