Factory Orders Slump – Worst April Since 2012
by Tyler Durden
ZeroHedge.com
Mon, 06/04/2018
US Factory Orders continue their flip-flopping performance with a 0.8% tumble in April – worse than expected – after an upwardly revised 1.7% rise in March.
Year over year, factory order growth slowed from 9.1% to +7.4%.
Ex-Transports, factory orders rose 0.4% MoM – its 10th monthly improvement in a row.
However, new orders ex-defense for April fell 0.9% after rising 2.4% in March, suggesting what gains there were, were all driven by war-spending.
The Rest…HERE
