Trade Resources Company News Factory Orders Declined 0.7% in January, The Commerce Department Reported March 6.

Factory Orders Declined 0.7% in January, The Commerce Department Reported March 6.

Factory orders declined 0.7% in January, the Commerce Department reported March 6.

The decline followed a revised 2% decline in December that was larger than initially reported.

Durable goods orders dropped 1% in January. Orders for capital goods, excluding transportation equipment, increased 1.5% after a 1.6% decline in December.

The trucking industry relies on factory orders and shipments for much of its business.

Source: http://www.ttnews.com/articles/basetemplate.aspx?storyid=34326&t=Factory-Orders-Decline-in-January
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Factory Orders Decline in January
Topics: Transportation