Manufacturers' New Orders (Total) in 2015
Manufacturers' New Orders (Total) opened 2015 at 458,487 and closed at 435,902, a -4.93% move for the year. The high of 464,063 was reached on March 1, and the low of 435,902 on December 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 458,487 | 458,487 | 458,487 | 458,487 | +0.00% |
| Feb | 452,249 | 452,249 | 452,249 | 452,249 | +0.00% |
| Mar | 464,063 | 464,063 | 464,063 | 464,063 | +0.00% |
| Apr | 459,217 | 459,217 | 459,217 | 459,217 | +0.00% |
| May | 451,910 | 451,910 | 451,910 | 451,910 | +0.00% |
| Jun | 463,050 | 463,050 | 463,050 | 463,050 | +0.00% |
| Jul | 460,215 | 460,215 | 460,215 | 460,215 | +0.00% |
| Aug | 449,990 | 449,990 | 449,990 | 449,990 | +0.00% |
| Sep | 442,590 | 442,590 | 442,590 | 442,590 | +0.00% |
| Oct | 450,974 | 450,974 | 450,974 | 450,974 | +0.00% |
| Nov | 445,693 | 445,693 | 445,693 | 445,693 | +0.00% |
| Dec | 435,902 | 435,902 | 435,902 | 435,902 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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