US Factory Orders Surge, Biggest YoY Rise In 2 Years Despite a surge in jobless claims, analysts expected factory orders in January (the latest data) to accelerate recent gains and it did (rising 2.6% MoM, well above the 2.1% rise expected), up for the ninth straight month... Source: Bloomberg That is the biggest monthly jump since July, and pushed factory orders up 2.8% YoY - the biggest surge since Jan 2019... Additionally, January's final print for durable goods orders confirmed the flash print, with orders now up for 9 straight months and rising at its fastest pace since Jan 2019... Source: Bloomberg Can't wait to see what an additional $1.9 trillion does to this? Tyler Durden Thu, 03/04/2021 - 10:06