Despite all the 'soft' data slumping and legacy media narrative creation that a recession is imminent, US Factory Orders (hard data) surged for the second month in a row (beating expectations). Headline factory orders rose 0.6% MoM (+0.5% MoM exp) in March and February's 1.7% MoM jump was revised up to +1.8% MoM. This left Factory Orders up 2.5% YoY...

Core Factory Orders (excluding the more volatile Transportation sector) rose 0.4% MoM - accelerating on a MoM basis for the sixth straight month...

Finally, February's rise lifted US Factory Orders very close to record highs...

So much for the 'soft' data-driven recession talk?

US Factory orders are up 2.5% YoY...
{ai:summary}US Factory Orders increased by 0.6% month-over-month in March, surpassing expectations, while February's growth was revised up to 1.8%. Year-over-year, factory orders are up 2.5%, with core orders rising for the sixth consecutive month, nearing record highs.This data challenges the narrative of an imminent recession fueled by softer economic indicators. #economy

US Factory Orders Surge Near Record Highs In Feb (Ignoring 'Soft' Data Slump)

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