Orders at U.S. factories fell in May, a sign of weakening demand for American-made goods.
Orders for manufactured goods decreased 0.8% to a seasonally adjusted $464.86 billion in May, the Commerce Department said Wednesday. Economists surveyed by The Wall Street Journal expected orders fell 0.6%.
Continue Reading Below
Orders in April were revised to down 0.3% from an initial estimate of a 0.2% decrease.
Excluding transportation, orders were down 0.3% in May. Excluding defense, another volatile category, orders fell 0.5%.
Orders for nondurable goods, which includes products like fuel and drugs, decreased 0.8% to $235.745 billion.
Write to Sarah Chaney at email@example.com
(END) Dow Jones Newswires
July 05, 2017 10:27 ET (14:27 GMT)