U.S. factory orders fall for fourth month in past five
The numbers: Factory orders in the U.S. fell in February for the fourth time in five months, reflecting a slowdown in the economy that began late in 2018 and carried on through the early part of the new year
There are some signs that business might be re-accelerating as spring gets underway, but more evidence is needed.What happened: Orders for durable goods — products meant to last at least three years — fell by an unrevised 1.6% in February. These products include autos, airplanes, appliances, computers and the like.
A closely followed gauge of business investment — known as core orders for durable goods — fell slightly. They’ve fallen three of the past four months.Big picture: Manufacturers are still expanding, but they’ve turned more cautious since last summer. U.S. trade tensions with China, a weaker global economy and stronger dollar have combined to dampen demand and force businesses to reevaluate their plans.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Factories Power On For The First Time In Four MonthsA resolution to the China-U.S. trade dispute is still in the works, but China’s manufacturing sector just returned to growth for the first time in four months, a sign that its government’s economic stimulus appears to be working
Read more »
Oil at five-month highs amid OPEC-led supply cuts, U.S. sanctionsOil prices rose to their highest level since Nov. 2018 on Monday, driven up by O...
Read more »
Oil climbs to five-month high amid OPEC cuts, U.S. sanctions and Libya fightingOil prices rose to their highest level since November 2018 on Monday, driven upw...
Read more »
US measles cases surpass 2018 totals in just three months as outbreaks spread across four statesThis year is shaping up as the worst for measles since 2014 and is already the second-worst since it was declared eradicated in 2000.
Read more »
Stocks rise after strong jobs report eases fears of an economic slowdownStocks rose at the open after a better-than-expected U.S. jobs report assuaged fears that the economy was slowing down, lifting investor sentiment.
Read more »
IMF blames Trump’s trade policy for economic slowdown — not the FedThis year, the IMF expects 70 percent of the global economy to experience a slowdown.
Read more »
Dow tops 26,000 as U.S., China data points to stabilizing global slowdownU.S. stocks kicked off the week with strong gains on Monday after better-than-expected Chinese and U.S. economic data suggested the slowdown in the global...
Read more »
India's factory growth hits six-month low in March on weak demand: PMIGrowth in India's manufacturing industry slowed to a six-month low in March...
Read more »
Gold steadies after mixed U.S. economic dataGold steadied on Monday as stronger-than-expected U.S. manufacturing data offset...
Read more »
Trump still deciding whether to close the U.S.-Mexico border, top economic adviser saysNational Economic Council Director Larry Kudlow says top aides are preparing for a range of scenarios in advance of a presidential directive.
Read more »