factory-goods

U.S. factory orders fall, but rising backlogs hint at stabilization

By Lucia Mutikani WASHINGTON (Reuters) – New orders for U.S. factory goods fell in May on weak demand for transportation and defense capital goods, but growing order backlogs and lean inventories suggested the worst of the manufacturing downturn was probably over. The Commerce Department said on Tuesday new

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U.S. factory orders fall, but rising backlogs hint at stabilization