Mfg Unfilled Orders-to-Shipments in 2015
Mfg Unfilled Orders-to-Shipments opened 2015 at 424,104 and closed at 440,316, a +3.82% move for the year. The high of 496,586 was reached on June 1, and the low of 424,104 on January 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 424,104 | 424,104 | 424,104 | 424,104 | +0.00% |
| Feb | 431,113 | 431,113 | 431,113 | 431,113 | +0.00% |
| Mar | 493,365 | 493,365 | 493,365 | 493,365 | +0.00% |
| Apr | 469,899 | 469,899 | 469,899 | 469,899 | +0.00% |
| May | 469,475 | 469,475 | 469,475 | 469,475 | +0.00% |
| Jun | 496,586 | 496,586 | 496,586 | 496,586 | +0.00% |
| Jul | 454,788 | 454,788 | 454,788 | 454,788 | +0.00% |
| Aug | 470,575 | 470,575 | 470,575 | 470,575 | +0.00% |
| Sep | 478,931 | 478,931 | 478,931 | 478,931 | +0.00% |
| Oct | 466,724 | 466,724 | 466,724 | 466,724 | +0.00% |
| Nov | 437,157 | 437,157 | 437,157 | 437,157 | +0.00% |
| Dec | 440,316 | 440,316 | 440,316 | 440,316 | +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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