New orders for U.S. factory goods fell for a fourth straight month in November, pointing to a slowdown in manufacturing activity and overall economic growth. The Commerce Department said on Tuesday new orders for manufactured goods dropped 0.7 percent after an unrevised 0.7 percent fall in October. Economists polled by Reuters had forecast new orders received by factories falling 0.5 percent. Manufacturing is cooling after robust growth in the third quarter, in part because of a sluggish global economy. Slowing growth in China and the euro zone, as well as a recession in Japan are crimping demand for U.S. manufactured goods. http://yhoo.it/1xBWttu http://bit.ly/1fJ5yqZ
U.S. Factory Orders Fall for Fourth Straight Month
New orders for U.S. factory goods fell for a fourth straight month in November, pointing to a slowdown in manufacturing activity and overall economic growth. The Commerce Department said on Tuesday new orders for manufactured goods dropped 0.7 percent after an unrevised 0.7 percent fall in October. Economists polled by Reuters had forecast new orders received by factories falling 0.5 percent. Manufacturing is cooling after robust growth in the third quarter, in part because of a sluggish global economy. Slowing growth in China and the euro zone, as well as a recession in Japan are crimping demand for U.S. manufactured goods. http://yhoo.it/1xBWttu http://bit.ly/1fJ5yqZ
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