US factory orders slide as shipments post largest drop in two years
Commerce department says factory goods orders fell 0.8%, pulled down by lower demand for transport equipment, computers and electronic orders, and primary metals
04 June 2019 - 19:14
Washington — New orders for US-made goods fell in April and shipments dropped by the most in two years, indicating continued weakness in manufacturing activity that could undercut the broader economy.
Factory goods orders declined 0.8%, pulled down by soft demand for transportation equipment, computers and electronic orders, and primary metals, the commerce department said on Tuesday. Data for March was revised down to show factory orders increasing 1.3% instead of surging 1.9% as previously reported...
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