Thursday, February 24, 2005
Factory Orders Dip, Jobless Claims Rise
AP/Yahoo Biz
Orders to U.S. factories for big-ticket manufactured goods fell 0.9 percent in January, the worst showing in three months, as demand for commercial aircraft fell sharply, the government reported Thursday.
The weakness was led by a 27.1 percent plunge in orders for commercial aircraft.
The overall decline was larger than expected, but it followed two months of strong gains. Orders were up 1.4 percent in December after an even larger 2 percent rise in November.
Orders to U.S. factories for big-ticket manufactured goods fell 0.9 percent in January, the worst showing in three months, as demand for commercial aircraft fell sharply, the government reported Thursday.
The weakness was led by a 27.1 percent plunge in orders for commercial aircraft.
The overall decline was larger than expected, but it followed two months of strong gains. Orders were up 1.4 percent in December after an even larger 2 percent rise in November.
