After reporting a sharp increase in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back by much more than expected in the month of October.The Commerce Department said factory orders plunged by 3.6 percent in October after jumping by a downwardly revised 2.3 percent in September.Economists had expected...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.