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Stagflation Signals Soaring As Factory Orders Tumbled In April

Stagflation Signals Soaring As Factory Orders Tumbled In April

For the first time since April 2020, US Manufacturers new orders fell in April. The 0.6% MoM drop was triple the expected 0.2% MoM drop.

Source: Bloomberg

For context, here is inflation ‘surprises’ versus production ‘surprises’…

Source: Bloomberg

Stagflation anyone? What are you going to do Mr.Powell?

Tyler Durden
Fri, 06/04/2021 – 10:07

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