(Reuters) - WASHINGTON, July 3 - Pending sales of existing U.S.
homes hit the lowest level in more than five years in May and
factory orders dipped modestly, according to reports on Tuesday
that showed the economy struggling to keep moving forward.
The National Association of Realtors said its index of
pending home sales -- a forward-looking gauge -- slumped by 3.5
percent in May to 97.7, its lowest level since September 2001.
Read more at Reuters.com Bonds News
homes hit the lowest level in more than five years in May and
factory orders dipped modestly, according to reports on Tuesday
that showed the economy struggling to keep moving forward.
The National Association of Realtors said its index of
pending home sales -- a forward-looking gauge -- slumped by 3.5
percent in May to 97.7, its lowest level since September 2001.
Read more at Reuters.com Bonds News
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