US factory orders decline again in April

Worker in a General Motors powertrain factory Activity has been subdued at US factories

New orders at US factories have fallen for the second month in a row, adding to evidence that the world's largest economy is weakening.

The Commerce Department said orders for manufactured goods fell 0.6% in April, after falling a downwardly revised 2.1% in March.

Economists had expected a 0.1% rise.

Orders for capital goods - expensive items such as communications equipment and computers - fell 2.1% after a 2.3% decline in March.

It was the first time since January and February 2009 that factory orders had fallen for two consecutive months.

On Friday, news of unexpectedly low job growth in the US economy triggered worldwide share price falls as analysts said it indicated the country's recovery was losing steam.

The US economy added 69,000 jobs in May, the fewest since May 2011.

More on This Story

US Economy

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.