Factory Orders Decline in August
Washington, DC, Oct. 4, 2012 -- U.S. factory orders fell less than expected in August, according to the Commerce Department.
Nevertheless, the decline was the most in more than three years.
The 5.2% decrease in orders was the biggest since January 2009 and followed a revised 2.6% increase in August.
Economists called for a decline of 5.9%.
Demand for durable goods dropped 13.2%.