Factory Orders Decline in August as Manufacturing Woes Deepen
By Tom Ozimek Factory orders unexpectedly fell in August, stoking concerns about the deepening downturn in the U.S. manufacturing sector. The U.S. Census Bureau reported on Oct. 3 that factory orders fell by 0.2 percent in August, following a 4.9 percent increase in July. The decline marked a steeper drop than generally anticipated, with economists polled by Reuters expecting orders to…
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