So Surprising

So very surprising.

New orders for long-lasting U.S. manufactured goods excluding transportation equipment posted their largest decline in 1-1/2 years in July while overall booking rose far less than expected, pointing to a slowdown in manufacturing.

...

The Commerce Department said durable goods orders excluding transportation dropped 3.8 percent—the biggest fall since January 2009—after rising 0.2 percent in June. Overall orders rose 0.3 percent following a revised 0.1 percent fall in June.