BIG MISS: April Factory Orders Fall 0.6%, Ex-Cars Fall 1.1%

Alcoa aluminium Factory Machine

Photo: Sean Gallup/Getty Images

ORIGINAL POST: Last economic datapoint of the day: April factory orders come out at 10:00 AM ET.Analysts expect an increase of 0.2%.

That compares to a decline of 1.9% in the previous month.

Given all the bad news in econ data-world these days, this one will be closely watched for confirmation or negation of the trend.

UPDATE:

The numbers are out and bad.

Factory orders fell 0.6% in April, which is way worse than the 0.2% growth anticipated.

Last month was revised to a decline of 2.1% from a decline of -1.5%.

And ext-transport, the decline was a solid 1.1%.

Not good.

Markets are at their lows of the day.

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