Tuesday, March 06, 2007

Forex News: 06.03.2007 U.S. factory orders fall 5.6% in January

Demand for U.S.-made manufactured goods dropped 5.6% in January, the largest decline since July 2000.

A 60% plunge orders for new civilian aircraft led the decline, but most industrial sectors saw falling demand in January. Orders for core capital equipment fell 6.3%, the biggest decline in three years.

Economists were looking for orders to fall about 4.5%, according to the median forecast of economists.


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