WASHINGTON (AP) — Companies placed fewer orders to U.S.factories for the second straight month and a key measure thattracks business investment fell, adding to evidence that theeconomy is weakening.
|The Commerce Department says orders for factory goods fell 0.6percent in April from March. Demand for core capital goods, viewedas a proxy for business investment plans, fell 2.1 percent in Aprilfollowing a 2.3 percent decline in March.
|Even with the declines, factory orders are still well abovetheir recession lows. Orders in April totaled $465.98 billion, up38.7 percent from the recession low reached in March 2009. Ordersare still 3.1 percent below the peak reached in December 2007, themonth the recession began.
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