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U.S. factory orders fall

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Monday, March 05, 2012

U.S. factory orders fell in January by the most in 15 months, due to reduced orders for machinery and equipment.

The decrease was largely expected after a tax cut expired at the end of last year. Even with the decline, orders have gradually been climbing back to near pre-recession levels.
The Commerce Department said Monday that factory orders fell 1 percent in January.

Read more at ABC News.

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