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Core US Factory Orders Better Than Expected In December
Core US Factory Orders Better Than Expected In December
While sentiment is sagging to multi-year lows, 'hard' data is helping support growth forecasts (GDPNOW) and holding stocks at record highs.
This morning we get a fresh glimpse at America's manufacturing segment - hard data - with Orders data (which is expected to drop MoM in December).
After surging higher in November (+2.7% MoM), analysts expected US Factory Orders to drop 0.6% MoM in December but the actual print disappointed, dropping 0.7% MoM
Source: Bloomberg
Interestingly, Core Factory Orders rose 0.4% MoM - better than...
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