Orders to U.S. Factories Decline More Than Forecast
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Orders placed with U.S. factories declined more than forecast in June, a sign manufacturing will cool in coming months.
The 1.2 percent decrease in bookings was more than double the 0.5 percent drop projected by the median forecast of economists in a Bloomberg News survey and followed a revised 1.8 percent decline in May, figures from the Commerce Department showed today in Washington.