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Politics : Formerly About Applied Materials

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To: StanX Long who wrote (61624)	3/7/2002 12:44:18 AM
From: StanX Long	Read Replies (1) of 70976

Factory orders rise 1.2 percent host.wallstreetcity.com WASHINGTON, Mar 06, 2002 (United Press International via COMTEX) -- The Commerce Department said Wednesday that orders for manufactured goods rose for the second consecutive month during January, improving 1.6 percent to $325.8 billion. Economists on Wall Street were expecting new orders placed with U.S. factories to rise by 1.5 percent after rising a revised 0.7 percent in December, which the government originally reported as rising 1.2 percent. Analysts noted that orders have fallen in seven of the past 12 months and have not risen for two consecutive months since February and March of last year, when the economy slipped into its first recession in a decade. The government agency said excluding transportation equipment, orders rose 1.2 percent after rising a revised 0.5 percent a month earlier, which was originally reported as improving 0.8 percent. The latest report showed orders for transportation equipment rose 4.1 percent in January after rising 1.8 percent in December. The Commerce Department said orders for computers and electronic products increased 1.9 percent in January after jumping 3.6 percent in January.

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