McRocket
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- Apr 4, 2018
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'New orders for U.S.-made goods rose less than expected in January and shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity.
Factory goods orders edged up 0.1 percent, the Commerce Department said on Tuesday, held back by decreases in orders for computers and electronic products, after rising by the same margin in December.
There were also declines in demand for primary metals and fabricated metal products.
Economists polled by Reuters had forecast factory orders rising 0.3 percent in January. Factory orders increased 3.8 percent compared to January 2018.
Shipments of factory goods fell 0.4 percent after dropping 0.2 percent in December. They have now declined for four consecutive months, the longest streak since mid-2015.'
U.S. factory orders barely rise; shipments fall further | Reuters
Not good.
Factory goods orders edged up 0.1 percent, the Commerce Department said on Tuesday, held back by decreases in orders for computers and electronic products, after rising by the same margin in December.
There were also declines in demand for primary metals and fabricated metal products.
Economists polled by Reuters had forecast factory orders rising 0.3 percent in January. Factory orders increased 3.8 percent compared to January 2018.
Shipments of factory goods fell 0.4 percent after dropping 0.2 percent in December. They have now declined for four consecutive months, the longest streak since mid-2015.'
U.S. factory orders barely rise; shipments fall further | Reuters
Not good.