New orders for U.S.-made goods rose less than presumed in January and shipments fell for a fourth straight month, providing more evidence of a slowdown in manufacturing activity. Factory goods orders draw close 0.1%, the Commerce Department stated on Tuesday, held back by decreases in orders for computers and electronic products, after rising by the same margin in December. Their request was also declined for primary metals and fabricated metal products. Economists had forecast factory orders rising 0.3% in January. Factory orders raised 3.8% compared to January 2018. Also, shipments of factory goods fell 0.4% after dropping 0.2% in December. They have now slashed for four consecutive months, the longest period since mid-2015.
April 23, 2019