2019-05-25wolfstreet.com

Excluding transportation, so excluding the fiasco at Boeing, orders in April were flat compared to March, but remained up 1.4% year-over-year. Excluding defense, orders fell 2.5% on a monthly basis and fell nearly 2% from April last year.

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The New York Fed's Nowcast, which is reported every Friday, was taken down 38 basis points today, to 1.41% growth (from 1.79% on May 17), after having already been taken down 41 basis points a week ago (from 2.2% on May 10). That's a cut of 79 basis points in just two weeks...



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