Mfg New Orders (Nondefense ex Air) in 2015
Mfg New Orders (Nondefense ex Air) opened 2015 at 64,918 and closed at 60,201, a -7.27% move for the year. The high of 65,042 was reached on March 1, and the low of 60,201 on December 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 64,918 | 64,918 | 64,918 | 64,918 | +0.00% |
| Feb | 63,754 | 63,754 | 63,754 | 63,754 | +0.00% |
| Mar | 65,042 | 65,042 | 65,042 | 65,042 | +0.00% |
| Apr | 64,140 | 64,140 | 64,140 | 64,140 | +0.00% |
| May | 62,567 | 62,567 | 62,567 | 62,567 | +0.00% |
| Jun | 63,826 | 63,826 | 63,826 | 63,826 | +0.00% |
| Jul | 63,498 | 63,498 | 63,498 | 63,498 | +0.00% |
| Aug | 63,168 | 63,168 | 63,168 | 63,168 | +0.00% |
| Sep | 63,297 | 63,297 | 63,297 | 63,297 | +0.00% |
| Oct | 63,423 | 63,423 | 63,423 | 63,423 | +0.00% |
| Nov | 62,071 | 62,071 | 62,071 | 62,071 | +0.00% |
| Dec | 60,201 | 60,201 | 60,201 | 60,201 | +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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