US factory orders slip 0.2 percent in January but key investment category shows gain

Economic IndicatorsAssociated Press

Orders to U.S. factories fell again in January but a key investment category showed a gain.

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The Commerce Department says orders to factories edged down 0.2 percent in January following declines of 3.5 percent in December and 1.7 percent in November.

In an encouraging sign, orders in a category viewed as a proxy for business investment showed an increase of 0.5 percent in January following declines of 0.5 percent in both December and November.