Manufacturing orders are still punk

March 5, 2015by Hoy Grimm0

Hoy GrimmBloomberg  headlines the decline of manufacturing last month. Halfway into the piece we get the meat of the story. The slowdown reduced manufacturing jobs by 5% from January:

The ISM’s U.S. factory employment index declined to 51.4, the lowest since June 2013, from 54.1 the prior month.

You have to go back to last July to record a positive increase in factory orders. In the past 15 years if new orders dropped this much, the economy was in recession:

 

Hoy Grimm

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