U.S. Factory Orders Probably Dropped for First Time in Four Months in May

(Bloomberg) -- Orders placed with American factories
fell for the first time in four months in May, led by a drop in
bookings for aircraft and machinery, economists said before a
government report today.

The Commerce Department will report bookings fell 1.2
percent after a 0.3 percent gain in April, according to the
median forecast in a Bloomberg survey of 67 economists. An
industry report on pending home sales may show a gain for the
first time in three months.


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