Orders at U.S. factories fell slightly in April, a sign of weakening demand for American-made goods.
Orders for manufactured goods decreased 0.2% to a seasonally adjusted $469 billion in April, the Commerce Department said Monday, matching expectations of economists surveyed by The Wall Street Journal. The decline comes after four consecutive monthly increases.
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Orders in March were revised to an increase of 1% from an initial estimate of a 0.2% increase.
A driver behind April's fall was a decrease in new orders for transportation equipment, which fell by 1.4% after two consecutive monthly increases.
Excluding transportation, orders were up 0.1%. Excluding defense, another volatile category, orders fell 0.2%.
Orders for nondurable goods, which include products like fuel and drugs, rose 0.4% to $238 billion.
The Commerce Department report on factory orders can be accessed at http://www.census.gov/manufacturing/m3.
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(END) Dow Jones Newswires
June 05, 2017 10:22 ET (14:22 GMT)