New orders for U.S. manufactured goods fell by more than anticipated in the month of May, according to a report released by the Commerce Department on Wednesday.
The Commerce Department said factory orders slid by 0.7 percent in May after plunging by a revised 1.2 percent in April.
Economists had expected factory orders to drop by 0.5 percent compared to the 0.8 percent decrease originally reported for the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.