Orders to U.S. factories fell in July by the largest amount in 15 months, reflecting a big cutback in demand for commercial aircraft, the government reported Tuesday.
The Commerce Department said that demand for manufactured products dipped 1.9 percent last month as orders in the transportation sector fell a sharp 8.8 percent. It was the biggest decline in this category in 19 months. Overall orders dipped to a seasonally adjusted $387.8 billion in July, compared to $395.3 billion in June.
