THE BASIS POINT

Factory Orders down.

 

Gallup US ECI (June 2016)

– ECI level -14. Previous was -14.

This is Gallup’s Economic Confidence Index. This is a survey index which is supposed to measure confidence in the U.S. economy. The new reading is likely a reaction to Brexit and the
swings in equity markets.

 

Factory Orders (May 2016)

– Factory Orders month/month -1.0%. Previous was +1.8%.

 

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