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’
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More on this topic
(What's this?)
BEWARE THE MOVE IN DURABLE GOODS
(THE PRAGMATIC CAPITALIST, 8/3/10)
The Daily Propaganda Is Just Getting Painful
(Phil’s Stock World - Members S..., 7/28/10)
Durable Goods Orders “Unexpectedly” Sink; How did Economists Blow the Call?
(Phil’s Stock World - Members S..., 7/28/10)
