» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X

Forgot your password?
Skip Navigation LinksHome > Article
VOL. 41 | NO. 26 | Friday, June 30, 2017

US factory orders fell in May for second straight month

Print | Front Page | Email this story

WASHINGTON (AP) — Orders to U.S. factories fell for the second straight month in May.

The Commerce Departments reports that factory orders declined 0.8 percent in May, the biggest drop since last November.

Excluding the volatile transportation sector, factory orders fell 0.3 percent in May. Orders for civilian aircraft plunged 11.6 percent after dropping 12.2 percent in April.

Orders rose a modest 0.2 percent in a category monitored for signs of businesses' investment plans.

American manufacturing has been sending mixed signals. The Institute for Supply Management reported Monday that its manufacturing index rose sharply last month.

Overall, U.S. factories have rebounded from a slump caused by cutbacks in the energy industry and a strong dollar that made American products costlier overseas.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0