Factory orders slip a bit in August
Orders in the transportation sector fell 10.2 percent in August, behind a 40.2 percent big drop in orders to Boeing Co. for commercial aircraft. Orders for aircraft were up 69.1 percent in July.
These declines reflected a slowdown in the U.S. economy that raised concerns that the country could be dipping back into recession. However, various stronger-than-expected readings in August have allayed the concerns about a new recession.
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