WASHINGTON (Reuters) – New orders for U.S.-made goods plunged in April, suggesting business spending remained depressed early in the second quarter amid the COVID-19 pandemic.
The Commerce Department said on Wednesday factory orders dropped 13.0%. Data for March was revised to show orders falling 11.0% instead of declining 10.3% as previously reported. Economists polled by Reuters had forecast factory orders diving 14% in April.
(Reporting By Lucia Mutikani, Editing by Franklin Paul)
