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Factory orders fall
Factory orders down 2.4% in June, the biggest drop since November of 2001.
August 2, 2002: 10:24 AM EDT

NEW YORK (CNN/Money) - Orders for goods made in U.S. factories fell 2.4 percent in June after rising a revised 0.6 percent in May, the Commerce Department said Friday, for the largest decline since November 2001.

Economists expected orders to fall 1.7 percent, according to Briefing.com.

The data follow Thursday's report that the Institute for Supply Management's manufacturing index fell to 50.5 in July. It also further contradicts recent evidence that the manufacturing sector, which suffered through an 18-month recession, is on the mend, considered a hopeful sign for the future of business spending.  Top of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2012. All rights reserved. Most stock quote data provided by BATS.
© 2012 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Ad choices .