U.S. factory orders barely rise in January; shipments fall for fourth straight month GlobeBusiness
This May 21, 2018, file photo, shows a row of washing machines for sale at a Lowe's Home Improvement store in East Rutherford, N.J. New orders for U.S.-made goods rose less than expected in January and shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity.New orders for U.S.-made goods rose less than expected in January and shipments fell for a fourth straight month, offering more evidence of a slowdown in manufacturing activity.
Shipments of factory goods fell 0.4 per cent after dropping 0.2 per cent in December. They have now declined for four consecutive months, the longest streak since mid-2015. The release of the report was delayed by a 35-day partial shutdown of the federal government that ended on Jan. 25. U.S. financial markets were little moved by the data.
Orders for electrical equipment, appliances and components rebounded 1.4 per cent after dropping 0.3 per cent in December. Computers and electronic products orders fell 0.9 per cent after decreasing 0.4 per cent in December.
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