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Factory orders, ISM NY, Euro area

Summary:
Contraction: Highlights September factory orders fell 0.6 percent with durable goods orders falling 1.2 percent (revised from an initial 1.1 percent decline in last week’s advance data) and nondurable goods (the new data in today’s report) up 0.1 percent. Total unfilled orders have been flat this year and were unchanged in September while inventories rose 0.3 percent in contrast to shipments which fell 0.2 percent. Orders for commercial aircraft, pulled down by the grounding of the Boeing 737 Max, have been struggling this year and were down 11.8 percent in September. Remains in contraction (below 50):

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Contraction:

Factory orders, ISM NY, Euro area

Highlights

September factory orders fell 0.6 percent with durable goods orders falling 1.2 percent (revised from an initial 1.1 percent decline in last week’s advance data) and nondurable goods (the new data in today’s report) up 0.1 percent. Total unfilled orders have been flat this year and were unchanged in September while inventories rose 0.3 percent in contrast to shipments which fell 0.2 percent. Orders for commercial aircraft, pulled down by the grounding of the Boeing 737 Max, have been struggling this year and were down 11.8 percent in September.

Remains in contraction (below 50):

Factory orders, ISM NY, Euro area

Factory orders, ISM NY, Euro area

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

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