Factory Orders Scream Recession(Depression), Drop 6% From Year Ago In Sixth Consecutive Drop

by Tyler Durden
ZeroHedge.com
06/02/2015

Following this morning’s disappointing tumble in ISM New York (with 5 of the 6 components plunging), Factory Orders tumbled 0.4% MoM in April (against expectations of a modest 0.1% decline). This comes after March’s exuberance-inspiring upwardly revised 2.2% MoM surge (which ended a 7 month streak of MoM drops). Down 6.4% against 2014, this is the 6th month in a row of YoY declines in Factory Orders – something not seen previously outside of a recession.

The Rest…HERE

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