McRocket
Gold Member
- Apr 4, 2018
- 5,031
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- #1
'Headlines will crow of the fact that US Factory Orders rose 0.4% MoM in May (better than the expectations), rebounding from the 0.4% drop in April (pushing factory order growth up 9.2% YoY - highest since June 2017).
However, what most will miss is that absent defense, new orders dropped 0.1% MoM after falling 0.6% MoM in April.'
Defense Aircraft & Parts were up 21.1% MoM...
But automaker new orders plunged most since Jan 2015...'
War Spending Rescues Factory Orders In May As Autos Collapse
However, what most will miss is that absent defense, new orders dropped 0.1% MoM after falling 0.6% MoM in April.'
Defense Aircraft & Parts were up 21.1% MoM...
But automaker new orders plunged most since Jan 2015...'
War Spending Rescues Factory Orders In May As Autos Collapse