Rebound in January factory orders points to easing in manufacturing slump
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Washington
NEW orders for US factory goods increased by the most in seven months in January, in another hopeful sign for the troubled manufacturing sector.
The Commerce Department said on Thursday new orders for manufactured goods rebounded 1.6 per cent after an unrevised 2.9 per cent drop in December. That was the largest increase since June and followed two straight months of declines.
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