A report released by the Commerce Department on Friday unexpectedly showed a sharp pullback in new orders for U.S. manufactured goods in the month of July.
The Commerce Department said factory orders slumped by 1.0 percent in July after surging by a revised 1.8 percent in June.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.