GREY:INNHF - Post by User
Post by
production05on Oct 02, 2015 10:40am
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Post# 24156861
US Factory Orders Flash Recession Warning
US Factory Orders Flash Recession WarningDrop YoY For 10th Month In A Row
``For the 10th month in a row, US Factory Orders dropped year-over-year - the longest streak outside of a recession in history. Against expectations of a 1.2% decline MoM, August dropped 1.7% which is the worst MoM drop since Dec 2014, with a 24% drop MoM in defense new orders and capital goods. Most worrying however is the rise in the inventories-to-shipments ratio once again to cycle highs after a hopeful dip lower in July.``
RECESSION
