The Manufacturing Recession That Won’t Go Away: Factory Orders Rebound From 5 Year Lows, Decline For 17 Months
by Tyler Durden
ZeroHedge.com
05/04/2016
In 60 years, the US economy has never suffered a 17-month continuous YoY drop in Factory orders without being in recession. Which begs the question: are we in one now. Moments ago the Department of Commerce confirmed that in March, US factory orders – despite rising 1.1% sequentially and above the 0.6% expected – declined for 17th consecutive month on an annual basis, dropping 4.2% from a year ago.
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