Factory Orders Decline Again in August Ahead of Election

By Free Republic | Created at 2024-10-04 15:31:04 | Updated at 2024-10-04 17:25:59 2 hours ago

Factory Orders Decline Again in August Ahead of Election
Breitbart ^ | 10/03/2024 | John Carney

Posted on 10/04/2024 8:14:45 AM PDT by ChicagoConservative27

Orders for manufactured goods dropped 0.2 percent in August, following a notable increase the previous month, as reported by the Commerce Department on Thursday. This decline marks the third decrease in orders within the last four months, signaling ongoing difficulties within the manufacturing sector.

Economists had predicted that orders would remain unchanged in August, reflecting a cautious outlook amid a mixed economic environment. The data revealed that orders for durable goods were adjusted to show no change for the month, a significant shift from July’s remarkable gain of 9.8 percent. This revision was a downgrade from an earlier estimate suggesting a modest increase of 0.1 percent.

While defense-related orders have contributed positively to factory activity this year, the overall picture remains concerning. When excluding defense goods, total orders fell by 0.4 percent in August, indicating the fragility of the broader manufacturing landscape.

(Excerpt) Read more at breitbart.com ...

TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: august; decline; factory; orders

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Kneepadonimcs

To: ChicagoConservative27

Gee, factor orders dropping which surely must indicate that more people are being hired, right?? Everyone knows companies look at their order books and hire more people because they are getting fewer orders. Sum ting wong with the labor hiring numbers I bet.

2 posted on 10/04/2024 8:21:45 AM PDT by Mouton (A 150MT hit may not solve our problems now but is a good start. )

To: Mouton

The Feds not long ago admitted they had overestimated jobs being created by 800,000, which is exactly what is happening now, by the time this number is revised downward the election will be over and no one will care

3 posted on 10/04/2024 8:26:10 AM PDT by srmanuel

To: Mouton

Oh boy! Factories are polluting less, workers are driving less, families are buying less! We are saving the planet! Dear did the Yugo get out of the body shop yet? I need the Yugo to go drop off all our mail in ballotssssssssssss…….

4 posted on 10/04/2024 8:27:02 AM PDT by Lockbox (politicians, they all seemed like game show host to me.... Sting)

To: ChicagoConservative27

This article is obsessing over nothing.

5 posted on 10/04/2024 8:27:56 AM PDT by SaxxonWoods (.You will suffer from one: The pain of discipline or the pain of regret. )

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