Tag Archives: Census Bureau

March 2013 Wholesale Sales Contraction Continues

Written by Steven Hansen March 2013 wholesale sales and inventories data continues to go up one month, down the next. This data series is very noisy, and suffers from data gathering anomalies as well as poor headline methodolgy. This analysis … Continue reading

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March 2013 Manufacturing Is Now Contracting

Written by Steven Hansen US Census says manufacturing new orders declined in March.  Our analysis concurs with the US Census that manufacturing is now contracting. The downward trends in manufacturing new and unfilled orders continues. The downward trend line has … Continue reading

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Durable Goods New Orders Are Not Good in March 2013

Written by Steven Hansen The headlines say the durable goods sector declined significantly in March. This analysis says the data is very soft if one ignores civilian aircraft. Econintersect Analysis: new orders down 2.6% month-over-month, and down 1.4% year-over-year Inflation … Continue reading

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February 2013 Wholesale Sales & Inventories Had a Very Bad Month

Written by Steven Hansen February 2013 wholesale sales and inventories data continues to go up one month, down the next. This data series is very noisy, and suffers from data gathering anomalies as well as poor headline methodolgy. This analysis … Continue reading

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February 2013 Manufacturing Not Good Despite the Headlines

Written by Steven Hansen US Census says manufacturing new orders improved in February. Our analysis this month showed “less good” and a near flat-line expansion of manufacturing year-over-year using the unadjusted data: The downward trends in manufacturing new and unfilled … Continue reading

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Durable Goods New Orders Are Mixed in February 2013

Written by Steven Hansen The headlines say the durable goods sector improved significantly in February. This analysis says the data is very soft if one ignores civilian aircraft. Econintersect Analysis: new orders up 1.2%  month-over-month, and up 1.2% year-over-year (no … Continue reading

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January 2013 Wholesale Sales & Inventories Had a Good Month

Written by Steven Hansen January 2013 wholesale sales and inventories data continues to go up one month, down the next. This data series is very noisy, and must suffer from data gathering anomalies. This analysis continues to be the opposite … Continue reading

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January 2012 Manufacturing Not That Bad Despite the Headlines

Written by Steven Hansen US Census says manufacturing new orders declined in January. Our analysis this month showed improvement of manufacturing using the unadjusted data: The downward trends in manufacturing new and unfilled orders continues – but the January data … Continue reading

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Durable Goods New Orders Show Mixed Picture in January 2013

Written by Steven Hansen The Headlines say the durable goods sector declined significantly in January. This analysis says the decline was less – but durable goods spending is below January 2012 levels. The rose in this data is that non-defense … Continue reading

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December 2012 Wholesale Sales & Inventories Has Recessionary Feel

Written by Steven Hansen December 2012 wholesale sales and inventories did not look as good as last months weak but OK data. This data series is very noisy, and must suffer from data gathering anomalies. This analysis continues to be … Continue reading

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Manufacturing New Orders Downward Trend Continues in December 2012

Written by Steven Hansen US Census says manufacturing new orders improved in December. Our analysis this month shows a continuing degradation of manufacturing using the unadjusted data: The downward trends in manufacturing new and unfilled orders continues. The Industrial Production … Continue reading

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Durable Goods New Orders Are Less than Good in December 2012

Written by Steven Hansen The Headlines say the durable goods sector improved in December.  This analysis says the opposite as the unadjusted new orders are barely above December 2011 levels. The headlines say backlog improved marginally this month  – but … Continue reading

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November 2012 Wholesale Sales & Inventories Show Sluggish Economy

Written by Steven Hansen November 2012 wholesale sales and inventories did not look as good as last months strong data – but still ok. This data series is very noisy, and must suffer from data gathering anomalies. This analysis continues … Continue reading

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Non Farm Payrolls Does Not Change the Economic Picture

Non Farm Payrolls Give Fed No Reason To End QE, In Spite of Its Attempt To Scare Speculators Lee Adler, Wall Street Examiner The BLS today reported a seasonally adjusted (SA) gain of 155,000 in December nonfarm payrolls. While the … Continue reading

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Manufacturing New Orders Not Pretty in November 2012

Written by Steven Hansen US Census says manufacturing new orders improved in November. Our analysis this month shows a continuing degradation of manufacturing using the unadjusted data: The downward trends in manufacturing new and unfilled orders continues. The Industrial Production … Continue reading

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Durable Goods New Orders Beat Expectations but Still Not Good In November 2012

Written by Steven Hansen Durable goods sector improved in November – according to headlines.  Even with the improvement, this sector of the economy’s analysis remains in a downtrend. This analysis is worse than the headline data. The headlines say backlog … Continue reading

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October 2012 Wholesale Sales & Inventories Show Nice Rebound

Written by Steven Hansen October 2012 wholesale sales and inventories rebounded strongly from last months poor data. This data series is very noisy, and must suffer from data gathering anomalies. This analysis continues to be the opposite of the published … Continue reading

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Manufacturing New Orders Improves, But With Caveats in October 2012

Written by Steven Hansen Manufacturing new orders improved in October – and well away from the contraction warning the data was giving last month.  Our analysis this month is stronger than the headlines, but with some caveats: Even with the … Continue reading

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Durable Goods New Orders Improves In October 2012

Written by Steven Hansen Durable goods sector improved in October – according to Econintersect‘s analysis. Even with the improvement, this sector of the economy’s analysis remains in a downtrend.  This analysis is better than the headline data. Backlog was declined … Continue reading

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September 2012 Wholesale Sales & Inventories Shows Recessionary Signs

Written by Steven Hansen September 2012 wholesale sales and inventories showed clear recessionary signs – although one month of extremely terrible data does not a recession make.  This is the first year-over-year contraction after 34 months of expansion.  This analysis … Continue reading

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