Factory orders fall for the sixth straight month

Factory orders fell again in January, sliding 0.2%, marking the sixth straight month of declines.

Expectations were for orders to rebound slightly, rising 0.2% after a 3.4% decline in December.

December’s decline was revised slightly lower to a decline of 3.5%.

Excluding transportation, new orders declined 1.8% in January.

More to come …

NOW WATCH: Nationwide’s Super Bowl commercial about dead children is about corporate profits … in a way that we can all appreciate

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.