New orders for U.S. factory goods fell more than expected in May on weak demand for transportation and electrical equipment, a sign that manufacturing remained mired in a soft patch.
The Commerce Department said on Thursday new orders for manufactured goods dropped 1.0 percent after a revised 0.7 percent decline in April. Factory orders have dropped in nine of the last 10 months.So, six years into the Obama Recovery and a gazillion dollars in stimulus, manufacturing is "mired in a soft patch" (don't you just love that verb, "mired"?). [And with zero percent interest rates, free money for manufacturers, if there was an economy.]
There are two story lines -- most folks will just see one. The obvious story line -- a "disappointing" US factory goods report.
Second story line: "mired." This suggests the writer doesn't this see "weak demand" as an anomaly. One doesn't fall into and out of quicksand; one is "mired" (at best).
Definition of "mired": factory orders have dropped in nine of ten months.
Mired.
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