US Factory Orders Tumbled In November

Monday, February 4, 2019
By Paul Martin

by Tyler Durden
Mon, 02/04/2019

After tumbling in October, US Factory Orders were expected to rebound (albeit modestly) in November’s (shutdown-delayed) data, but they didn’t…

US Factory Orders tumbled 0.6% MoM, notably worse than the 0.6% rebound expected after October’s 2.1% plunge… This is the first consecutive monthly contraction since June 2016…

Worse still ex-Transports, orders tumbled 1.3% MoM.

Year-over-year, factory order growth slowed dramatically to just 4.1% YoY…

The Rest…HERE

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