Factory Orders

Factory Orders results for January were released Monday and showed a decline in line with December’s numbers. The drop of 1% was less than expected following the 3.7% decline in Durable Goods Orders evidenced in the Advance Report released last Tuesday. Durable Orders make up close to 50% of Factory orders. That decrease is blamed on a reduction of companies investment in equipment and machinery in the first month of the new year. The decline had been expected to have been 1.3%. The full report, which is seen as a good indicator of the growth of activity in the manufacturing…