cnbc.com
June 4, 2012
New orders for U.S. factory goods fell in April for the third time in four months as demand slipped for everything from cars and machinery to computers, the latest worrisome sign for the economic recovery.
The Commerce Department said on Monday orders for manufactured goods dropped 0.6 percent during the month. The government also revised its estimate for new orders in March to show a steeper decline.
Economists had forecast orders rising 0.2 percent in April.
The report showed broad weakness in a sector that has carried the economic recovery, adding to a growing body of soft economic data.
Tags: Domestic News, Economics, Financial, technology
Share this article:
Related posts:
Apple's next iPhone to feature 'slimmer screen'
Can Romney's VP Announcement App Really Beat Twitter?
US-NATO SPONSORED CRISIS: "Hunger Games" March in the Balkans
Pre-Collapse Ramp Up: Retailers Stock Up On Shutters, Organize Security Details Ahead of Financial M...
Stop the Frack Attack: Join Us July 28 in Washington DC
Two men arrested after 'setting booby traps on popular hiking trail'