Government Reports Steep Decrease in Factory Orders Last Month

[Lochloosa]

And on top of all the good news today....

Published: Aug 30, 2005


WASHINGTON (AP) - Orders to U.S. factories fell in July by the largest amount in 15 months, reflecting a big cutback in demand for commercial aircraft, the government reported Tuesday.
The Commerce Department said that demand for manufactured products dipped 1.9 percent last month as orders in the transportation sector fell a sharp 8.8 percent. It was the biggest decline in this category in 19 months.

Analysts are concerned that manufacturing, which was the hardest hit sector in the last recession, could falter again if business and consumer confidence wavers in the face of soaring energy prices.

Separately, the Conference Board in New York reported that consumer confidence actually rose in August to 105.6, up from a July reading of 103.6.

The report on manufacturers' orders showed that overall orders dipped to a seasonally adjusted $387.8 billion in July, compared to $395.3 billion in June

http://ap.tbo.com/ap/breaking/MGBGNIY80DE.html

[phantom power]

1. the oil recession is just getting warmed up.

We'll be lucky if it's just a recession.

[MaineDem]

2. Consumer confidence rose?

What planet are they talking about???

THose numbers are bizarre.

[FloridaPat]

3. I don't have any friends that own a comm aircraft. What else do we

make in this country?

[TheCowsCameHome]

5. Enemies around the world, for one thing. Thanks, George

Your policies are doing just what we expected.

[TheCowsCameHome]

4. I cancelled the order for my wife's 757 when jet fuel got a little pricey.

Gotta stick to the basics in during the alleged great Bush economy.

[wli]

6. eh? weren't there just reports about confidence declining? n/t