US Factory Orders Dropped Again In July As Tariff Front-Running Hangover Lingers While US Manufacturing PMIs improved in August (after falling in July), today’s ‘hard’ data for US Manufacturing (for July) was expected to show another decline (after June’s large 4.8% MoM post-tariff-front-running drop). Headline factory orders fell 1.3% MoM (as expected) as the hangover from the massive tariff-front-running in May lingers, dragging orders down to just a 1.6% YoY gain… Source: Bloomberg As a reminder, May’s tariff-front-running surge up 8.3% was the second biggest monthly jump in 69 years. Core orders (ex-Transports) rose 0.6% MoM (the third monthly rise… — Continue at ZeroHedge News : Read More
