Home News U.S. orders fall more than expected in May

U.S. orders fall more than expected in May


NEW YORK_2008-04-25_195_(c) Schneider WASHINGTON (Dow Jones) – New orders for the U.S. industry has fallen in May compared with the previous month by 1.4 % and has experienced the biggest decline since it 14 months. Economists surveyed by Dow Jones Newswires had expected only a drop of 0.8 %. (Photo : Schneider )

As the U.S. Department of Commerce announced on Friday next , for the previous month showed an increase from revised 1.0%, after it was reported a preliminary increase of 1.2%. For the order received by long-lived assets reported by the Ministry for May decreased by 0.6 % (provisional : minus 1.1%).
New orders excluding the defense sector fell by 1.4% in the previous month, had shown an increase of 1.1 %. The orders ex transportation fell by 0.6 %, after declining by 0.7 % in the previous month. The orders for civilian capital goods without any aircraft that are considered important measure of business spending climbed by 3.9 % in the previous month had been registered a minus of 2.8 %.

Website: www.census.gov/manufacturing/m3/index.html
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