US Factory Orders Surge, Biggest YoY Rise In 2 Years
Despite a surge in jobless claims, analysts expected factory orders in January (the latest data) to accelerate recent gains and it did (rising 2.6% MoM, well above the 2.1% rise expected), up for the ninth straight month...
Source: Bloomberg
That is the biggest monthly jump since July, and pushed factory orders up 2.8% YoY - the biggest surge since Jan 2019...
Additionally, January's final print for durable goods orders confirmed the flash print, with orders now up for 9 straight months and rising at its fastest pace since Jan 2019...
Source: Bloomberg
Can't wait to see what an additional $1.9 trillion does to this?
Tyler Durden
Thu, 03/04/2021 - 10:06
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