Second Half Rebound...Not! September Factory Orders Down 3.5% Y/Y

After August's contraction, Factory Orders in September were expected to accelerate their decline, but the 0.6% MoM drop was more than expected. This sent the year-over-year contraction in factory orders down to -3.5% - the worst since July 2016...

 

 

 

 

 

 

 

 

 

https://www.zerohedge.com/economics/us-factory-orders-slump-september-biggest-contraction-july-2016

 

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