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IPFS News Link • Business/ Commerce

US Factory Orders Disappoint In February... Before Lockdowns Even Began

• by Tyler Durden

However, unsurprisingly, Factory Orders were flat (0.0% MoM) in February (below the +0.2% expectations). However, this did lift the YoY change in factory orders into the green (barely) at +0.1% YoY - the first annual gain  since July

Source: Bloomberg

Ex-Transports, factory-orders tumbled 0.9% MoM (the worst since Nov 2018), and YoY declined 0.1%...

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