Saving the bad news for last: US factory orders rose, but …
Wow! Awesome, …
Factory orders rose 2.8 percent in July, the biggest overall advance in a year, reflecting sizable gains in demand for motor vehicles and airplanes, the Commerce Department said Friday.
Or, not …. A fire sale is commerce, unless it’s your house that burned down.
But core capital goods orders, viewed as a good proxy for investment spending, plunged 4 percent, the fourth setback in the past five months.
The worry is that businesses have begun to scale back their plans to expand and modernize in the face of spreading economic weakness in Europe and such major U.S. export markets as China, Brazil and India.
via, where else, - The Washington Post.