Government Data – More Processing Errors
Claiming a ‘processing error’, another statistic of economic data has been revised lower.
Census Bureau statement: January 27:
US Census Bureau: Nov Factory Orders revised to +0.6% from +1.1%
- cites processing errors
- Nov non defense orders (ex aircraft) revised lower to +2.7% from +3.6%
It was just days ago when another ‘processing error’ was revealed:
January 22, 2010:
US Commerce Dept revises Nov Durable Goods orders to -0.7% from +0.2% previously reported – cites a ‘processing error’
Things that make one say ‘hmmmmmm’
More on this topic
(What's this?)
Markets down as durable goods orders disappoint. Tech orders especially weak.
(AlphaNinja, 1/28/10)
Market down big on ex-transportation durable goods orders
(AlphaNinja, 2/25/10)
DIGESTING THIS MORNING’S TSUNAMI OF DATA
(THE PRAGMATIC CAPITALIST, 11/25/09)
