U.S. factory orders fall in May

The United States experienced a decline in new orders for manufactured goods in May, decreasing by 1.3% after a 5.3% increase in April, with a significant drop of 51.8% in commercial aircraft orders. Nevertheless, the manufacturing sector continued to expand for the sixth consecutive month, driven by spending on artificial intelligence. Overall orders rose by 5.1% year-over-year, electronics orders increased slightly by 0.2%, while orders for machinery and metals saw a notable rise.

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