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Thursday, October 04, 2012

Factory orders were down 5.2% in August, approximately as per consensus.

http://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf

Actual -5.2%
Consensus -6.0%
Prior revised down to 2.6% from 2.8% 

Factory orders - what STANDS OUT? ... big downward revision to June ... much bigger than July's downward revision.
July factory orders report
June 2012 - seasonally adjusted ... $469.382 billion
June2012 - not seasonally adjusted ... $489.974 billion
August factory orders report
June 2012 - seasonally adjusted ... $465.739 billion
june 2012 - not seasonally adjusted ... $478.559 billion

.........to whom it may concern ... revisions do matter ...



Market roars to +100

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