Orders for U.S.-made goods fell more than expected in April, providing further evidence that the economy was slowing after a growth spurt in the first quarter. According to Reuters, the manufacturing sector accounts for about 12% of the U.S. economy. Currently, manufacturing is being squeezed by businesses placing fewer orders while working off stockpiles of unsold goods in warehouses. The inventory overhang is concentrated in the automotive sector and Boeing's move to cut production of its troubled 737 MAX aircraft is also hurting manufacturing.

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