US new manufacturing order growth has been weak since the summer of 2011: down on a seasonally adjusted basis over the period.
The same for the durable goods’ orders component:
The same for transportation equipment:
Likewise for capital goods orders:
And little better for non durable goods (a 0.4% increase over the period):
No matter which way you look at it, this key component of the economy has been contracting at the wrong time.
Orders are volatile at the best of times, but the US is dependent on its manufacturing and capital investment dynamic to move forward.
All data is taken from the US Census Bureau