Factory Orders Rise For Fifth Time In Six Months

Bloomberg:

Orders placed with U.S. factories rose in September for the fifth time in six months, reinforcing signs that manufacturing will drive the economic recovery.

Read the whole story: Bloomberg

Comments

[need more jobs]

A friend asked me if things were really hopeless and I said yes. There will be no meaningful change or reform and things will continued suck1ng they way they have since Reagan.

good articles; http://financeopinionss.blogspot.com

And that was that.

[tompoe]

Thanks, Bloomberg, for your fine reporting. Readers can always rely on you for information useful to the Main Street economy.

[holeybuybull]

Now this is an encouraging sign. I'll bet that both of the remaining factories in the US are hiring several more robots.

[SimJack]

“Manufacturing is in recovery,” said David Sloan, a senior economist at 4Cast Inc. in New York, who correctly estimated the gain in orders.

Hey, anybody at one of these factories? Estimated the gain? WTF does that mean. With 200,000 or more people a week claiming first time unemployment benefits, I don't think so. Typical Bloomberg spin on election day, good for him.

[MyWhiteHouse]

Enough with this recovery B$ news

WHERE ARE THE JOBS YOU PROMISED, OBAMMI?

good articles: http://financeopinionss.blogspot.com

[desertman]

To understand why the GDP numbers could be so good when the economy all around looks so bad, it is necessary to understand a few pertinent details of the GDP calculation. It is necessary to see just what meat and meat by-products go into this economic sausage. For one thing, GDP includes government spending...but does not SUBTRACT any of the borrowing the government does to fund its spending. And obviously, government spending is in no way a reflection of private sector economic activity.