Factory orders drop more than expected
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.
The Commerce Department said Thursday that factory orders fell 0.5 percent in June, the third decline in four months.