Obamanomics Update: U.S. Factory Orders Drop To Five Year Low – 16 Consecutive Months Of Declines

Manufacturing Recession Deepens: Factory Orders Drop To Five Year Low; 16 Consecutive Declines – Zero Hedge

In 60 years, the U.S. economy has not suffered a 16-month continuous YoY drop in Factory orders without being in recession. Moments ago the Department of Commerce confirmed that this is precisely what the U.S. economy did, when factory orders not only dropped for the 16th consecutive month Y/Y, after declining 1.7% from last month…

.

.
…but at $454 billion for the headline number, this was the lowest print since the summer of 2011.

.

.
Market reaction: stocks rebound on the news and are now well in the green.

.

.

One thought on “Obamanomics Update: U.S. Factory Orders Drop To Five Year Low – 16 Consecutive Months Of Declines

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s