The unprecedented prosperity Americans are enjoying since the inauguration of the god-king Obama continues without any end in sight. Factory orders fell the most in 3 years, declining 1.6% in April. Despite this decline, analysts claim things are good and no need to worry!
New orders for U.S. factory goods in March recorded their biggest decline in three years as demand for transportation equipment and a range of other goods slumped, government data showed on Wednesday.
The Commerce Department said orders for manufactured goods dropped 1.5 percent after a revised 1.1 percent rise in February.
Economists had forecast orders falling 1.6 percent after a previously reported 1.3 percent increase in February.
While the report showed broad weakness in March in a sector that has carried the economic recovery, anecdotal evidence suggests factories continued to expand as the second quarter started.
The Institute for Supply Management’s index of national manufacturing activity climbed to a 10-month high in April, with a measure of new orders received by factories the highest in a year, data showed on Tuesday.
Don’t worry people, our divine Pharaoh and his Theban Priests have assured us that things are good. Nothing to read here, move along!
Can you imagine if a Republican was President, how the story would be reported. The Obama Boom lie continues!
