Manufacturing New Orders Remain Soft in September 2012

Written by Steven Hansen Manufacturing new orders continues to be soft – and very close to contraction. The unadjusted data is giving an entirely different conclusion than the seasonally adjusted data – but both agree that September is better than August. Both Industrial Production and this manufacturing data are in a down trend (rate of …

Manufacturing New Orders Is a Disaster in August 2012

Written by Steven Hansen Manufacturing new orders is a disaster – even though it could be argued that the market expected this bad report.  The data actually contracted in August 2012 – sales in August 2011 were 5.2% higher. something is amiss between the Federal Reserve industrial production data which has disconnected from the US …

Manufacturing New Orders Improves in July 2012

Written by Steven Hansen Manufacturing new orders improved this month reversing last month’s decline. The data is now moving away from the zero growth line – but one month is not a trend: something is amiss between the Federal Reserve industrial production data which has been in an uptrend since the beginning of 2011, and …

Manufacturing Data Very Soft in June 2012

Written by Steven Hansen Manufacturing new orders declined this month. The data is not good as it approaches zero growth: something is amiss between the Federal Reserve industrial production data which has been in an uptrend since the beginning of 2011, and the US Census manufacturing data which has been in a downtrend since early …

Manufacturing May 2012 Looks Good, but …

Written by Steven Hansen The data says Manufacturing new orders grew this month.  It even beat expectations.  Yet stepping back from the data: the rate of growth of the data has been improving for the last 2 months – but it also remains at the bottom of the growth channel trend. something is amiss between …