Rebel Traders – Analysis Without The Hype

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’

December factory orders data for the month of December came in at -3.9%

November factory order data has been revised to -6.5% (was -4.6%)

From the US Census Bureau:

New orders for manufactured goods in December, down five consecutive months, decreased $14.8 billion or 3.9 percent to $362.4 billion, the U.S. Census Bureau reported today.

This was the longest streak of consecutive monthly decreases since the series was first published on a NAICS basis in 1992 and followed a 6.5 percent November decrease. Excluding transportation, new orders decreased 4.4 percent. Shipments, also down five consecutive months, decreased $11.3 billion or 2.9 percent to $377.6 billion. This was the longest streak of consecutive monthly decreases since March-July 1998 and followed a 6.5 percent November decrease. Unfilled orders, down three consecutive months, decreased $11.0 billion or 1.4 percent to $801.9 billion. This followed a 0.9 percent November decrease.

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