Factory Orders Dip 1.2%; Ex-Transport Slips 0.2%

WASHINGTON — U.S. factory orders fell 1.2% in April, the Commerce Department reported Thursday. Excluding transportation, new orders dropped 0.2%.

The April orders decline followed revised increases in overall orders in March, with the headline number up 3.8% and ex-transportation orders up 2.9%.

The median estimate of economists polled by Thomson Reuters was for a 1.0% decrease.

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