Headline Factory Order Drop Less Than Expected

March 6, 2023

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YoY factory orders are the weakest since 2021, the end of the Trump economy. Core orders ex-aircraft and defense showed positive growth but the big ticket items were down significantly.

Financial markets were mixed as the positive non-core number is a problem for the Fed and inflation. Smart money is watching the Fed for insight into future moves.

Factory Orders (MoM)(Jan) printed at -1.6% vs -1.8% expected.

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CDM Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."