US Factory Orders Unexpectedly Tumbled In July As War-Spending Tumbles

With Manufacturing surveys signaling a slowdown in the US economy, analysts expected US factory orders to grow at just 0.2% MoM in July (and overall durable goods orders unchanged), but they were way off as July factory orders tumbled 1.0% MoM and June was revised down from +2.0% to +1.8% MoM...

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-WiscoDave