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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (58509)	1/8/2002 3:01:28 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

01/08 00:10 U.S. November Factory Orders Seen Falling: Bloomberg Survey By Siobhan Hughes and Kristy McKeaney quote.bloomberg.com Washington, Jan. 8 (Bloomberg) -- Orders placed at U.S. manufacturers probably fell in November to a level that still suggests the factory slump may be nearing an end, analysts said ahead of a government report scheduled for release today. A 2.7 percent decline in new orders, to $324.2 billion, is expected for the month, according to the median of 37 forecasts in a Bloomberg News survey. Orders had increased 7.1 percent in October, the largest rise since June 2000. Bookings had dropped to a five-year low of $311 billion in September, when terrorist attacks on the World Trade Center and the Pentagon weakened the economy. Orders for military equipment and semiconductors have since begun to arrive at such businesses as Griffon Corp. and Motorola Inc. ``Over the past two months, we've seen an accumulation of evidence suggesting the recovery in the economy is really going to happen,'' said Ken Mayland, president of ClearView Economics in Pepper Pike, Ohio. ``We're getting close to the end of the capital- spending cutbacks, and it's time to get prepared for the next upswing.'' The Commerce Department is scheduled to release its factory- orders report today at 10 a.m. Washington time.