US Factory Orders Steady In August, Despite ISM Manufacturing Plunge After an unexpected (and sizable) decline in July, August's Factory Orders data for US was expected to be unchanged and indeed it came in right in line... Source: Bloomberg Ex-Transports, new orders rose 0.2% MoM (also as expected). However, there's just one thing... why is the ISM Manufacturing New Orders signal collapsing? Source: Bloomberg Nothing here that is worrisome enough to prompt a Few Pivot... yet Tyler Durden Tue, 10/04/2022 - 10:04