U.S. Factory Orders Fall For Third Straight Month [View all]

[Purveyor]

Source: REUTERS

(Reuters) - New orders for U.S. factory goods fell for a third straight month in October, pointing to a slowdown in manufacturing activity.

The Commerce Department said on Friday new orders for manufactured goods declined 0.7 percent after a revised 0.5 percent drop in September.

Economists polled by Reuters had forecast new orders received by factories would be unchanged after a previously reported 0.6 percent fall in September.

There are conflicting signals on the manufacturing sector, with the so-called hard data suggesting a cooling in activity, while sentiment surveys point to a building of momentum.

Read more: http://www.reuters.com/article/2014/12/05/us-usa-economy-factory-idUSKCN0JJ1JS20141205