Factory orders rose a reported 1.9% in July, a tad less than the Econoday Consensus of 2.0%.

Economists usually get this report reasonably accurate because of the advance durable goods report.

However, June was revised from -1.5% to -1.8% so this bounce is nothing much to brag about.

Factory Orders

Factory Orders 2016-09

Factory orders have be hovering around the zero line for years.

Mike “Mish” Shedlock