US factory orders down 0.5% in May

From breakingthenews.net

New orders for manufactured goods in the United States stood at $583.1 billion in May, dropping 0.5% month on month, data from the US Census Bureau showed on Wednesday. The data indicated a slowdown in orders after three consecutive months of growth. Shipments fell 0.7% or $4.2 billion compared to the revised April figure and reached $584.8 billion, while unfilled orders increased 0.2% or $3.1 billion to $1.4 trillion. Compared to the previous month, inventories advanced 0.2% or $1.8 billion to $860.1 billion. The inventories-to-shipments ratio stood at 1.47, advancing from 1.46 in April.