US Factory Orders Tumbled In September US Factory Orders fell 0.5% MoM (confirming the flash print) in September, which dragged orders down 1.6% YoY… Source: Bloomberg Core orders (ex-Transportation) rose 0.1% MoM (from a 0.2% MoM decline in August). Durable Goods Orders (Final) fell 0.7% MoM (and core durable goods orders rose 0.5% MoM – better than expected). Orders placed with US factories for business equipment declined in preliminary October data and the prior month’s gain was revised lower, suggesting firms are more guarded about investment. Source: Bloomberg Finally, for the sixth month in the last seven, durable goods orders… — Continue at ZeroHedge News : Read More
