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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Haim R. Branisteanu who wrote (127326)	10/4/2001 11:18:00 AM
From: rolatzi	Read Replies (2) of 436258

Does this point to an end to rate cuts? Factory Orders Unchanged in August Thursday October 4 10:13 AM ET WASHINGTON (Reuters) - New orders for goods produced at U.S. factories were unchanged in August, the government said on Thursday in a report that suggested the slump in the manufacturing sector may have been reaching a bottom before the Sept. 11 attacks on the United States. The Commerce Department (news - web sites) said the value of new U.S. factory orders in August was flat at $332.57 billion after a downwardly revised 0.1 percent decline in July. The August data were better than expected. In a Reuters poll analysts had said they expected factory orders to fall 0.4 percent. Orders for machinery rose 2.3 percent to a seasonally adjusted $24.16 billion. Orders for computers and electronic products also posted a gain, of 1.7 percent to $32.46 billion. New orders apart from transportation equipment rose 0.2 percent and excluding defense, orders were also up 0.2 percent. The transportation equipment category fell 1.4 percent to $52.06 billion reflecting a sharp decline in defense aircraft and parts orders.

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