US Factory Orders Deep In Recession – Tumble YoY For 13th Month In A Row
by Tyler Durden
ZeroHedge.com
01/06/2016
US factory orders have never dropped this far for so long without the US economy overall being in recession. November’s 4.2% YoY drop is the 13th consecutive monthly drop. Revistions to durable goods data shows a 1% drop in new orders ex-defense in November after rising 1.4% in October.. and as a reminder, this data was buoyed by a 46.9% surge in defense aircraft and parts orders to all-time highs.
Factory Ordedrs are flashing deep red recessionary indicators…
The Rest…HERE