U.S. Factory Orders Fell in April
June 03 2020 - 10:41AM
Dow Jones News
By Jeffrey Sparshott
New orders for manufactured goods dropped 13.0% to a seasonally
adjusted $384.3 billion in April as efforts to contain the new
coronavirus kept workers home, disrupted supply chains and
depressed demand. Economists surveyed by The Wall Street Journal
had expected a 12.5% drop.
Here are highlights from Wednesday's Commerce Department
report:
--Excluding transportation, orders fell 8.5% in April from the
previous month. Orders excluding defense slipped 12.3%. Orders for
transportation and defense can be volatile from month to month.
--New orders for durable goods--items designed to last at least
three years--decreased 17.7%, compared with a preliminary estimate
of a 17.2% fall.
--Factory orders for March decreased 11% from a month earlier,
compared with an earlier estimate of a 10.3% fall.
Write to Jeffrey Sparshott at jeffrey.sparshott@wsj.com
(END) Dow Jones Newswires
June 03, 2020 10:26 ET (14:26 GMT)
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