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Market Update : 
Factory Orders Drop 1.3% in February
Author: 123jump.com Staff
123jump.com
Last Update: 10:31 AM EDT April 02 2008



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New orders for manufactured goods in February, down two consecutive months, decreased $5.7 billion or 1.3% to $424.4 billion, the U.S. Census Bureau reported today. This followed a 2.3% January decrease. Shipments, down two of the last three months, decreased $9.0 billion or 2.1% to $423.0 billion. This followed a 1.1% January increase. Unfilled orders, up thirty-three of the last thirty-four months, increased $7.5 billion or 0.9% to $822.4 billion.

 

 

 

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