Slowdown in Factory Orders
Orders at U.S. factories slowed in April amid weaker demand for cars, computers, and other durable goods, the Commerce Department reported Monday.
New orders for all manufactured goods rose by just 0.3 percent, compared to an increase of 4.1 percent in March, the report said.
Durable goods orders fell by 0.8 percent after increasing by 5.1 percent in March, while orders of non-durable goods rose by just 0.2 percent.
Both shipments and inventories of durable goods held steady in April, while shipments of non-durable goods edged down by 0.2 percent and inventories increased by 0.5 percent, the report said.
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