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Orders for US big-ticket factory goods drop 17.2% in April

Orders for US big-ticket factory goods drop 17.2% in April

US orders for big-ticket factory goods declined significantly for the second consecutive month in April as the Covid-19 pandemic devastated the economy. The orders for durable goods fell 17.2% similar to previous month fall of 16.6% in Mar. Except for transportation equipment orders, durable goods orders fell 7.4%. New orders for cars, trucks and auto parts shrank 52.8%.

Milan
Milan
Top in Business