The overall index is still positive, but it dropped from 14.1 to 11.5. However, the new orders index increased from 3.3 to 6.2. However, there is some weakness in the report. Specifically employment is still down and given its current reading of -6.8 I'm not expecting a strong rebound any time soon. In addition, future expectations -- while still positive -- have been decreasing.
Overall I'd call this a bullish report, but with a few important caveats.
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.