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Factory orders fell 5.2 per cent in August, but came in better than analyst expectations of a 6 per cent fall.July’s reading was revised down to a 2.6 per cent gain, from 2.8 per cent.
Factory orders for August will be out at 10 a.m. ET.
Economists polled by Bloomberg expect factory orders to plunge 6 per cent month-over-month, after rising 2.8 per cent in July.
Investors watch this number because it offers more colour than the durable goods report.