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US factory orders down for 5th straight month in Dec

Manufacturing in the US is slowing, constrained by falling crude oil prices which have caused some energy firms to delay or cut back on capex.

NEW orders for US factory goods fell for a fifth straight month in December, but a smaller-than-previously-reported drop in business spending plans supported views of a rebound in the months ahead.

The Commerce Department said on Tuesday new orders for manufactured goods declined 3.4 per