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Factory Orders Slump – Worst April Since 2012

Courtesy of ZeroHedge. View original post here.

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.

This is the worst April drop since 2012…

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.


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