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Tuesday, September 06, 2022

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...
-WiscoDave
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3 comments:

  1. SgtBobSeptember 6, 2022 at 3:01 PM

    A day of density. "War-spending"? Does that mean previous increases were Putin's fault?

    ReplyDelete
  2. AnonymousSeptember 6, 2022 at 4:40 PM

    They are pushing for a war in Taiwan as hard as they possibly can. And they do not want to win it.

    ReplyDelete
  3. ShermSeptember 6, 2022 at 5:13 PM

    "Unexpectantly" only to those not actually paying attention.

    ReplyDelete

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