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Despite ISM Slump, US Factory Orders Soared In June

Tyler Durden's Photo
by Tyler Durden
Wednesday, Aug 03, 2022 - 02:12 PM

Analysts expected US Factory Orders to rise in June for the 9th straight month and they did, surging 2.0% MoM (far better than the +1.2% expected) and accelerating from the upwardly revised +1.8% MoM in May)...

Source: Bloomberg

And notably, this factory orders increase comes as ISM's survey show manufacturing orders tumbling?

Source: Bloomberg

Perhaps the survey is 'real' (inflation adjusted) and the hard data is nominal? Or the survey is just a sign of ugly things to come (like in 2007).

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