U.S. factory orders dropped 1.2% in June, the Commerce Department said Tuesday.
The decrease followed a revised 1.8% fall in May that was larger than originally reported.
The decline was larger than economists’ forecasts of a 0.5% decrease, Bloomberg reported.
Durable goods orders, which make up just over half of all orders, fell 1.2%, while non-durables orders such as oil and food dropped 1.3%.
The trucking industry relies on factory orders and shipments for much of its business.
Transport Topics
