<a href="https://www.zerohedge.com/economics/us-factory-orders-surged-june">After its large (2.3% MoM) jump in June</a>, US factory orders were expected to see a major decline in July (down 2.5% MoM)&gt; The decline was sizable - down 2.1% MoM - but less than expected.

That is still the biggest MoM drop since Nov '22 and left the <strong>YoY orders 0.7% lower.</strong>

Transportation was clearly a drag since Core Factory orders rose 0.8% MoM - best since January - well above expectations...

Overall Durable Goods Orders plunged 5.2% MoM (thanks to a 43.6% collapse in non-defense aircraft and parts orders), but that final print is the same as the preliminary print.

...the biggest MoM drop since Nov '22 and left the YoY orders 0.7% lower.
{ai:summary}<p>US factory orders in July saw a decline of 2.1% MoM, smaller than anticipated. Transportation was a major factor, while overall durable goods orders plunged 5.2% MoM. #economy</p>

US Factory Orders Tumbled In July, Transports Heavy

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