After reporting a steep drop in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Wednesday showing another nosedive in factory orders in the month of April.
The Commerce Department said new orders plunged by 13.0 percent in April after plummeting by a revised 11.0 percent in March.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.