WASHINGTON Held back by slumping demand for aircraft andautomobiles, orders to U.S. factories inched only 0.1 percent higherin June, failing to recover from a sharp decline the month before.
Orders totaled a seasonally adjusted $330.5 billion, theCommerce Department said today. In May, they had fallen 2.2 percent- the biggest drop in three years - to a seasonally adjusted $330.2billion.
Orders in the April-June quarter were 0.7 percent below thefirst quarter.
Economists said that reflects spillover from Asia's economicturmoil. Export sales to Asia have plummeted. Meanwhile, U.S.manufacturers face increased competition from Asian imports, pricedcheaply …
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