Following October"s pre-election surge in new factory orders, November saw orders plunge 2.4% MoM (worse than expected) and the biggest drop since Aug 2014. This drop comes despite a 103% MoM rise in defense aircraft orders as non-defense aircraft orders crashed 73.8%. Factory Orders also dipped back into negative territory YoY.
An ugly drop in factory orders in November...
And Year-over-year, Factory Orders declined for the 23rd month of the last 25...
It appears we are going to need more war to keep this dream alive...
Does this look like a healthy economy being handed to Trump?
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