US Factory Orders Drop For 6th Month In A Row … Worst Since Lehman

US Factory Orders Drop For 6th Month In A Row – Worst Since Lehman (ZeroHedge, March 5, 2015):

Must be the weather… since August. US Manufacturers New Orders tumbled 0.2% in January (missing expectations of a 0.2% rise for the 6th of the last 7 months). This extends the losing streak for factory orders to 6 months, something we have not seen since the great recession in 2008… The drop was led by a plunge in Consumer Goods – not exactly what one would expect from all those gas savings? Just add it to the growing list of missed macro data expectations since the start of Feb!

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We suspect this puts a final nailk in the coffin of low oil prices being positive for consumers…

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This extends the macro misses for US data to dismal levels.

Charts: Bloomberg

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