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July 3, 2019, 10:03 a.m. EDT

Factory orders slide 0.7% in May

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By Steve Goldstein

Factory orders in May fell 0.7%, the Commerce Department said Wednesday . Economists polled by MarketWatch expected a 0.7% decline. That marks the second straight decline and third in the last four months. Transportation equipment plunged 4.6%, and excluding transportation, orders inched up 0.1%.

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