Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Factory Orders Up 0.3 Percent, but Core Capital Goods Decline 1.3%

Thursday, November 3, 2016 10:55
% of readers think this story is Fact. Add your two cents. / Mike “Mish” Shedlock / November 3, 2016

Thanks to motor vehicles and parts, factory orders rose 0.3% in September according to a Commerce Department report on Manufacturers’ Shipments, Inventories, and Orders.

The Commerce Department revised August from +0.2% to +0.4% also because of motor vehicles and parts, making the effective jump a substantial 0.5%.

The good news stops right there. Capital good and core capital goods new orders look ominous.

Capital Goods are tangible assets such as buildings, machinery, equipment, vehicles and tools that an organization uses to produce goods or services in order to produce consumer goods and goods for other businesses.

Core Capital Goods

Core capital goods orders, a leading indicator of future growth, are defined as non-defense, non-aircraft capital goods orders.


The post Factory Orders Up 0.3 Percent, but Core Capital Goods Decline 1.3% appeared first on Silver For The People.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.