Orders for goods produced in U.S. factories fell 2.0% in January, largely because of fewer orders for aircraft, the Commerce Department said Wednesday. Economists surveyed by MarketWatch expected orders to decline by 2.2%. Excluding transportation, orders climbed 1.3%. Orders for durable goods – products meant to last at least three years – slumped 4.9% in January. Orders for nondurable goods such as food and clothing rose 0.6%. In December, factory orders were revised down to show a 1.3% increase instead of 1.8% as initally reported. Shipments of all factory goods in January dipped 0.2%
via Marketwatch
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