Factory Orders Data Show Rebound In August As the macro data engine slowly starts to grind back into motion, we are given glimpses of what happened ‘months’ ago. Earlier we got some jobless claims data from four weeks ago, and now we get Durable Goods and Factory Orders data from August… …and the data we got was kinda meh… August Factory orders rose 1.4% MoM (a big swing from the 1.3% MoM decline in July and an even bigger drop in June) but in line with expectations. This bounce lifted Orders by 3.8% YoY… Source: Bloomberg Core Factory Orders also… — Continue at ZeroHedge News : Read More
