Investing.com - U.S. factory orders fell unexpectedly in April, declining for the second consecutive month, official data showed on Monday.
In a report, the U.S. Census Bureau said factory orders fell by a seasonally adjusted 0.6% in April, defying expectations for a 0.2% gain.
Factory orders in March fell by 2.1%. The figure was revised from a previously repotted decline of 1.9%.
Following the release of the data, the U.S. dollar held on to loses against the euro, with EUR/USD adding 0.47% to trade at 1.2494.
Meanwhile, U.S. stock markets remained lower. The Dow Jones Industrial Average dipped 0.3%, the S&P 500 index declined 0.4%, while the Nasdaq Composite index shed 0.35%.
In a report, the U.S. Census Bureau said factory orders fell by a seasonally adjusted 0.6% in April, defying expectations for a 0.2% gain.
Factory orders in March fell by 2.1%. The figure was revised from a previously repotted decline of 1.9%.
Following the release of the data, the U.S. dollar held on to loses against the euro, with EUR/USD adding 0.47% to trade at 1.2494.
Meanwhile, U.S. stock markets remained lower. The Dow Jones Industrial Average dipped 0.3%, the S&P 500 index declined 0.4%, while the Nasdaq Composite index shed 0.35%.