Factory Orders Dive 1.7%, Core Capital Goods Dip 2.5%, Last Month Revised Lower

by Mike ‘Mish’ Shedlock
Mish Talk

Factory orders dove 1.7% in February as reported today by the US Census Bureau.

The weakness did not stop with the headline number. January orders were revised lower to 1.2% from 1.6%.

Core capital goods plunged a whopping 2.5%, and shipments fell 0.7%.

Factory orders fell nearly in line with the Bloomberg Econoday consensus reading of -1.6% but economists did not take into account January revisions.

Continue Reading at MishTalk.com…