US factory orders slipped in April, investment weak

Washington • Orders to U.S. factories fell in April for the first time in five months amid declining demand for heavy machinery, iron and steel, and commercial airplanes. A key category that tracks business investment was weak for a third month. Factory orders edged down 0.2 percent in April after a 1 percent increase in March, the Commerce Department said Monday. It was the first decline since a 2.3 percent drop last November. A category that serves as a proxy for business investment posted a t...

Share this post