US Factory Orders Contract YoY For 3rd Straight Month

Zero Hedge | 12/5/2019 | Staff
TitanSwimrTitanSwimr (Posted by) Level 3
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Having fallen for the last two months, analysts expected a modest rebound in factory orders in October (despite renewed ISM weakness) and as expected they did rise 0.3% MoM (but from a downward-revised 0.8% MoM drop in September).

On a YoY basis, factory orders dropped 1.2% (better than the 3.7% drop in September but...
(Excerpt) Read more at: Zero Hedge
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