Factory orders drop in U.S. for first time in 4 months

04/1/2011 | Bloomberg Businessweek

New orders received by U.S. factories fell 0.1% in February, after a 3.3% increase in January, according to the Commerce Department. "It signals a little bit of slowing but not weakness," said Michael Brown, an economist at Wells Fargo Securities. "We're still looking for a modest pace of growth in manufacturing output."

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