(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 data on
Tuesday that suggested the economy was struggling.
In addition, Ford Motor Co. , Chrysler Group and
General Motors Corp. reported lower U.S. sales for June
as high gas costs, fierce competition and the housing slump
took a toll on the industry.
Read more at Reuters.com Economic News
U.S. homes hit the lowest level in more than five years in May
and factory orders dipped modestly, according to data on
Tuesday that suggested the economy was struggling.
In addition, Ford Motor Co. , Chrysler Group and
General Motors Corp. reported lower U.S. sales for June
as high gas costs, fierce competition and the housing slump
took a toll on the industry.
Read more at Reuters.com Economic News
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