After surging 8.3% higher in May (amid tariff front-running and Boeing orders), US Factory orders tumbled 4.8% in June (as expected)…
Source: Bloomberg
Last month’s tariff-front-running surge up 8.3% is the second biggest monthly jump in 69 years.
June’s follow on decline is the biggest MoM drop since the COVID lockdowns.
Core Orders rose 0.4% MoM (the second monthly rise in a row)…
Source: Bloomberg
Are these headline numbers bad enough to fire the head of the Census Bureau?
Loading recommendations…
