Factory orders fall for second straight month
Factory orders fell in June for the second straight month due to lower demand for steel, construction machinery and aircraft.
Factory orders dropped by more than three times as much as analysts expected in September as the US manufacturing sector continues to suffer from the economic downturn.The Commerce Department said Tuesday that factory orders fell by 2.5 percent from August, far more than the 0.8 percent drop expected by Wall Street economists surveyed by Thomson Reuters.