After surging 8.3% higher in May (amid tariff front-running and Boeing orders), US Factory orders tumbled 4.8% in June (as expected)...

Last month's tariff-front-running surge up 8.3% is the second biggest monthly jump in 69 years.

June's follow-on decline is the biggest MoM drop since the COVID lockdowns as non-defense aircraft orders slowed...

Core Orders (ex Transports) rose 0.4% MoM (the second monthly rise in a row)...

Are these headline numbers bad enough to fire the head of the Census Bureau?

...following the second-biggest surge in orders in 69 years!
{ai:summary}US factory orders fell 4.8% in June after a significant 8.3% increase in May, driven by tariff-related activities and Boeing orders. This decline marks the largest month-over-month drop since the COVID-19 lockdowns, primarily due to a slowdown in non-defense aircraft orders.Despite the overall decline, core orders, excluding transportation, saw a modest increase of 0.4% for the second consecutive month. The sharp fluctuations in factory orders raise questions about the effectiveness of data management at the Census Bureau. #economy

US Factory Orders Tumbled In June By The Most Since COVID

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