Factory orders fell 2.5% in January, the Commerce Department said Wednesday.
The gain followed a revised 2% gain in December that was smaller than originally reported, Commerce said. Excluding transportation orders, bookings fell 0.4%.
The downturn matched economists’ forecasts, Bloomberg reported.
Transportation orders plunged 13%, led by civilian aircraft. Automobile demand fell 1.7%, following a 4.4% drop. Ìý The trucking industry relies on factory orders and shipments for much of its business.
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