MNI: U.S. factory orders fell by -10.3% for the......>

MNI: U.S. factory orders fell by -10.3% for the month of March, a deeper drop

than the -8.7% decline expected by markets. This is the largest m/m drop ever

recorded and the last biggest drop since August 2014 when factory orders fell by

-9.7%. This drop followed a -0.1% decrease in February. New order for durable

goods fell by -14.7% in March, down from the previously reported -14.4% drop.

March shipments for durable goods fell by -4.7%, down from the prior report of

-4.5% decrease and following a +0.8% increase in February. Nondefense aircraft

and parts saw a -296.2% drop in March with transportation equipment overall

seeing a -41.3% decline.