January durable goods orders tumble 7.8 percent
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New orders for U.S. made durable goods fell by a much worse-than-expected 7.8 percent in January as a steep drop in civilian airliner orders helped push orders for nondefense goods to their biggest monthly decline on record, a government report showed on Tuesday.
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Machinery orders by Japanese firms fall in 2007, adding to fears about the health of the economy.
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Demand for big-ticket manufactured goods plunged in August by the largest amount in seven months, with widespread weakness signaling a slowdown in the nation's industrial sector.
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Citing weak January sales and a difficult retail environment, the retailer said it also expects fourth-quarter revenue to fall short of expectations.
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Retail sales fell 0.3 percent in January  --  the weakest showing in five months  --  as a big drop in demand for cars offset strength at clothing and department stores. Spending was powered mostly by consumers anxious to use holiday gift cards.
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New orders for U.S.-made durable  goods tumbled much more than anticipated in October on a big  drop in civilian aircraft but were also down unexpectedly when  transportation was stripped from the total, a government report  suggesting economic weakness showed on Tuesday.
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The nation's retailers delivered more evidence of a stumbling economy Thursday, as merchants including Wal-Mart Stores Inc. reported weak January results, extending a malaise that has deepened since the holiday shopping season.
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U.S. manufacturing activity unexpectedly contracted in January as new orders and production fell, according to a survey published on Thursday.
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New orders for long-lasting  U.S.-made manufactured goods fell unexpectedly in September,  dropping 1.7 percent on a sharp decline in demand for  transportation equipment, a Commerce Department report showed  on Thursday.
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Orders placed with US factories fell for the first time in four months, the Commerce Department said yesterday, with demand dropping sharply for commercial airplanes and parts.
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The U.S. services sector retreated sharply in January, according to the Institute for Supply Management.
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Industrial output fell in January by the largest amount in 17 months, reflecting huge cutbacks at auto factories and weakness in housing-related industries.
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New orders for U.S.-made durable  goods fell unexpectedly in August and orders excluding  transportation or defense goods also declined surprisingly, a  government report showed on Wednesday.
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Britain's manufactured output fell surprisingly by 0.2 percent in January from the December figure, owing to widespread falls across all sectors of the industry, official data showed on Friday.
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New orders for U.S.-made durable goods tumbled a larger-than-expected 8.3 percent in October on a big drop in civilian aircraft, but durable goods orders also fell when transportation was stripped from the total, a government report showed on Tuesday.
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WASHINGTON -- Retail sales, hurt by a big drop in auto purchases, slowed in January to the weakest performance in three months.
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Orders to U.S. factories fell by the largest amount in 6 1/2 years in January, reflecting widespread declines across a number of industries.