Core US Factory Orders Surged In March To Best YoY Growth Since Nov 2022

Core US Factory Orders Surged In March To Best YoY Growth Since Nov 2022

From Zero Hedge

Headline Factory Orders rose 1.5% MoM in March (dramatically better than the 0.6% MoM expected) - the best since November. February's data was also revised higher. However, overall, orders were only up 2.1% YoY - the lowest since JUly 2025

Source: Bloomberg

Core Factory Orders surge 1.6% MoM (also better than the 1.3% MoM expected) and up for the 5th straight month. That dragged the YoY growth in core orders up 4.09% YoY - the best since Nov 2022...

Source: Bloomberg

Given the surge in ISM Manufacturing's New Orders sub-component...

Source: Bloomberg

...there is a notable divergence between the 'soft' survey data and the 'hard' data.