Factories Face Drop in Orders ; April Figures Record a 'Durable Goods' Slump After Big Gain in March
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Summary
WASHINGTON - Orders to factories for big-ticket goods fell sharply in April after a strong gain in the previous month, reflecting the sometimes bumpy recovery by manufacturers.
The Commerce Department reported Wednesday that orders for "durables" costly manufactured goods expected to last at least three years dropped by 2.9 percent last month. It was the biggest decline since September 2002.See the full content of this document
Extract
Factories Face Drop in Orders ; April Figures Record a 'Durable Goods' Slump After Big Gain in March
April's slackening in demand for big-ticket goods came after sizable gains in February and March, where orders went up by 3.9 percent and 5.7 per...
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