Bidenflation: Factory Orders Plunge Twice as Much as Expected

Bidenflation: Factory Orders Plunge Twice as Much as Expected: 

New orders for U.S.-made goods fell twice as much as expected in January–and by even more than that in inflation-adjusted terms.

The Commerce Department said on Thursday that factory orders dropped 0.4 percent in December, the largest month-t0-month drop since the pandemic lockdown crash of April 2020. Economists had forecast orders tumbling just 0.2 percent.