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To: Johnny Canuck who wrote (37895)	8/2/2002 10:48:28 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68241

Factory Orders in Biggest Drop Since Nov Friday August 2, 10:12 am Eastern Time Reuters Business Report WASHINGTON (Reuters) - Orders for U.S. manufactured goods sank in June at the sharpest rate in seven months, the government said on Friday, highlighting a trend of weak demand for capital equipment such as machinery and computers. Factory orders tumbled 2.4 percent in June to $313.19 billion after a 0.6 percent increase in May. The May increase was revised from a previously reported 0.7 percent increase. June's decline was the steepest since a 4.1 percent drop in November 2001 in the aftermath of the Sept. 11 attacks on the United States. The closely watched category of durable goods orders slumped 4.1 percent in June after a 0.4 percent increase in the previous month.