Factory Orders Decline For 22th Straight Month – Longest Non-Recessionary Streak In US History

by Tyler Durden
ZeroHedge.com
Oct 5, 2016

Presented with little comment but despite a modest beat MoM (+0.2% vs -0.2% exp) thanks to notable downward revisions (+1.4% rev vs +1.9% prev), year-over-year data remains in decline for the 22nd month in a row.

This is by far the longest streak of contraction in US history and obviously has never before occurred without a US recession.

The Rest…HERE

This entry was posted on Wednesday, October 5th, 2016 at 10:53 am and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.