June 3, 2020 / 2:09 PM / a month ago

U.S. factory orders tumble in April

WASHINGTON, June 3 (Reuters) - New orders for U.S.-made goods plunged in April, suggesting business spending remained depressed early in the second quarter amid the COVID-19 pandemic.

The Commerce Department said on Wednesday factory orders dropped 13.0%. Data for March was revised to show orders falling 11.0% instead of declining 10.3% as previously reported. Economists polled by Reuters had forecast factory orders diving 14% in April. (Reporting By Lucia Mutikani, Editing by Franklin Paul)

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