Factory orders fall unexpectedly in April
New orders for factory goods in the United States slipped in April for the third time in four months. Data published by the Commerce Department showed how demand fell for most of manufacturing goods, against expectations for a small rise, in another concerning sign for the economic recovery.
Data showed factory orders dropped 0.6 percent versus consensus for a 0.2% rise in April, from a revised 2.1% fall the previous month (previously -1.9%).
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