• The Associated Press


Core machinery orders, a closely watched indicator of corporate spending, dropped 5.4 percent in April, the government said Wednesday, dimming prospects for a quick economic recovery.

The April result was far worse than the average forecast among market analysts of a 0.6 percent month-on-month rise in core machinery orders.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.