Factory Orders Scream Recession: Annual Drop Biggest Since 2008

by Tyler Durden
ZeroHedge.com
07/02/2015

This has never happened outside of recession… Year-over-year, factory orders dropped 6.3% (adjusted) but 8% non-adjusted, the most since the financial crisis. Against expectations of a 0.5% drop MoM, manufacturers saw new orders tumble 1.0% and previous months were revised dramatically lower. Factory orders has now missed 10 of the last 11 months.

The Rest…HERE

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