Factory Orders Post Biggest Decline in Three Years!

• It is QE to infinity!
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  Factory Orders Post Biggest Decline in Three Years! 
  By: Reuters
  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.
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  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.
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  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.
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  The Commerce Department report showed orders for transportation equipment tumbled 12.6 percent in March on weak orders for civilian aircraft. Orders for motor vehicles and parts was flat in March after rising 1 percent in February.
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