U.S. factory orders fall

U.S. factory orders fall

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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