Story perspectives
US Factory Orders Plummet 3.7% Amid Economic Strain
6/4/2025
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Story summary
- US factory orders decreased by 3.7% in April, surpassing the anticipated 3.1% drop after a 3.4% rise in March.
- The transportation sector experienced a significant decline, with orders falling 17.1% and aircraft orders plummeting by 51.5%.
- Manufacturing, vital for the US economy, is under strain from tariffs and labor shortages.
- Year-over-year factory orders increased by 2%.
