US factory orders fell in May for second straight month
WASHINGTON — Orders to U.S. factories fell for the second straight month in May.
The Commerce Departments reports that factory orders declined 0.8 per cent in May, the biggest drop since last November.
Excluding the volatile transportation sector, factory orders fell 0.3 per cent in May. Orders for civilian aircraft plunged 11.6 per cent after dropping 12.2 per cent in April.
Orders rose a modest 0.2 per cent in a category monitored for signs of businesses’ investment plans.