Factory orders rebound

[charrison]

linkage

Orders to U.S. factories rebounded in September, rising by 0.5 percent in another signal pointing to an economic resurgence.

That marked a turnaround from the 0.3 percent dip reported for August, according to revised figures released by the Commerce Department on Wednesday. That decline for August turned out to be not as deep as the 0.8 percent drop the government previously reported.

September's performance was slightly weaker than the 0.6 percent increase economists were forecasting.

Gains were led by big-ticket goods including cars, machinery and furniture.

The report is consistent with a "rebounding economy and recovering manufacturing," said economist Ken Mayland, president of ClearView Economics.

In a more forward-looking report, manufacturing in October posted its highest level of activity in nearly four years, the Institute for Supply Management said this week.

The bad news continues.

 

[CADsortaGUY]

4years! Must just a "blip" - and not the "rebounding economy and recovering manufacturing" that Ken Mayland says...oh yeah...that's Economist Ken Mayland.

Anyway - I hope this good news continues

CkG