New orders for US factory goods fell by the most in four months in September, signalling weakness in manufacturing amid the protracted US-China trade war.
Factory orders fell 0.6 per cent in September, worse than economists’ expectations for a 0.5 per cent slide, according to a survey by Refinitv. That also marked the second consecutive monthly decline in factory orders.
Meanwhile, new orders for non-defence capital goods excluding aircraft, considered a proxy for business investment, was weaker than initially expected, sliding 0.6 per cent — slightly worse than the initial 0.5 per cent drop.
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