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Factory Orders Dip 0.2% in August

10/4/2011 10:20:00 AM
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Factory orders declined 0.2% in August as vehicle bookings decreased, the Commerce Department said Tuesday.

The decline followed a revised 2.1% jump in July that was lower than the 2.4% upturn originally reported.

Economists had projected no change in factory orders, Bloomberg reported.

Capital goods orders excluding aircraft and military orders, a measure of future business investment, rose 0.9%, the largest gain in three months.

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

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Emil Estafanous, CPA, CFF, CGMA