US factory orders post largest drop in more than a year [View all]

[Yosemito]

Source: CNBC

New orders for U.S.-made goods recorded their biggest drop in more than a year in October and business spending on equipment appeared to be softening, suggesting a slowdown in activity in the manufacturing sector.

Factory goods orders fell 2.1 percent amid a decline in demand for a range of goods, the Commerce Department said on Thursday. That was the largest decrease in orders since July 2017. Data for September was revised lower to show factory orders rising only 0.2 percent instead of the previously reported 0.7 percent increase.

Read more: https://www.cnbc.com/2018/12/06/us-factory-orders-post-largest-drop-in-more-than-a-year.html

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