{"id":1475093,"date":"2024-07-03T14:19:21","date_gmt":"2024-07-03T18:19:21","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1475093"},"modified":"2024-07-03T14:19:21","modified_gmt":"2024-07-03T18:19:21","slug":"us-factory-orders-unexpectedly-tumbled-in-may","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/us-factory-orders-unexpectedly-tumbled-in-may\/1475093\/","title":{"rendered":"US Factory Orders Unexpectedly Tumbled In May"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">US Factory Orders Unexpectedly Tumbled In May<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>And to cap a day of serially ugly US macro data, <strong>factory orders unexpectedly plunged (-0.5% MoM) in May <\/strong>(against expectations of a 0.2% rise and worse still April was revised lower)&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm6642.jpg?itok=cypmtm_9\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>The YoY rise in factory orders is just 0.9%&#8230; and remember that is nominal&#8230; So in reality <strong>factory orders are tumbling on a YoY real basis.<\/strong><\/p>\n<p>After three strong months, Core Factory Orders also dropped (tumbling 0.7% MoM)&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm31A8.jpg?itok=P1ngLxho\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>Is this bad enough to be good news for Fed doves?<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Wed, 07\/03\/2024 &#8211; 10:19<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/economics\/us-factory-orders-unexpectedly-tumbled-may\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/economics\/us-factory-orders-unexpectedly-tumbled-may<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Factory Orders Unexpectedly Tumbled In May And to cap a day of serially ugly US macro data, factory orders unexpectedly plunged (-0.5% MoM) in&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1475094,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1475093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6bJP","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2024\/07\/bfm6642-3VikMY.jpeg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1475093","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1475093"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1475093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1475094"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1475093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1475093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1475093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}