Courtesy of Mish.
Factory orders rose a reported 1.9% in July, a tad less than the Econoday Consensus of 2.0%.
Economists usually get this report reasonably accurate because of the advance durable goods report.
However, June was revised from -1.5% to -1.8% so this bounce is nothing much to brag about.
Factory Orders
Factory orders have be hovering around the zero line for years.
Mike “Mish” Shedlock
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