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March 5, 2012

Factory Orders Fell In January

U.S. factory orders fell 1 percent in January, the largest decline since October 2010, according to the Department of Commerce.

Revised numbers for the previous month show a 1.5 percent increase in orders.

Orders for capital goods fell 3.9 percent after rising 3.5 percent in December, while non-durable goods rose 1.3 percent.

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