U.S. factory orders fall in September; core capital goods revised down

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U.S. factory orders fall in September; core capital goods revised down
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New orders for U.S.-made goods fell more than expected in September and business...

WASHINGTON - New orders for U.S.-made goods fell more than expected in September and business spending on equipment was slightly weaker than initially thought, suggesting that manufacturing remains soft amid the ongoing U.S.-China trade war.

Factory orders fell 0.3% compared to September 2018. Shipments of manufactured goods declined 0.2% in September after decreasing 0.3% in the prior month. A critical date is Dec. 15, when new U.S. tariffs on Chinese imports such as laptops, toys and electronics are set to kick in.

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