» Factory Orders: Same Old (Non-Good) News Decision Economics

Factory Orders: Same Old (Non-Good) News

Posted June 5, 2012 by Editor

[private]April factory orders undershoot expectations, falling 0.6% (consensus: 0.2%; Decision Economics: unch).  However, the miss was almost entirely due to a largely price-driven drop in nondurables, and conveyed no significant new negative news about the economy.

US_12-0604_E1[/private]