Factory Orders Plunge For 20th Month In A Row – Longest Streak In US History

Thursday, August 4, 2016
By Paul Martin

by Tyler Durden
Aug 4, 2016

Despite a small beat in MoM data (-1.5% vs -1.9% exp), US factory orders plunged 5.6% YoY – the worst drop since September 2015. This extends the period of annual contraction to 20 months – a record streak of declines in US history and one which has always, without exception, coincided with recession…

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