US Factory Orders Tumble Most Since November… “We’re Gonna Need More War”

Zero Hedge – by Tyler Durden

Despite all the exuberance over ISM ‘soft’ data, ‘hard’ data takes another hit today as Factory Orders for May tumbled 0.8% (worse than the 0.5% expected drop) for the biggest slide since November.  

This is the second monthly decline in a row, signaling Q2 GDP may be weaker than expected.

Worse still, May saw the biggest (and first) MoM decline in US Manufacturers new Orders (ex-transportation) since Feb 2016…

The biggest culrpits for the decline are:

  • Defense aircraft and parts -30.8%, and
  • Non-defense aircraft and parts -11.6%

We’re gonna need moar war.

And the divergence between the ‘industrial’ economy and the ‘industrial’ average continues to widen…

But maybe “we just don’t get the new economy.”

http://www.zerohedge.com/news/2017-07-05/us-factory-orders-tumble-most-november

4 thoughts on “US Factory Orders Tumble Most Since November… “We’re Gonna Need More War”

  1. “We’re gonna need moar war.”
    Is this a new kind of war like the “war on drugs, terror, etc.?

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