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%.

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