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Factory orders decrease in August

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New orders of manufactured goods decreased $1.3 billion or 0.2% from the prior month to $590.4 billion in August, the Commerce Department said today. Shipments of manufactured goods decreased $3.1 billion or 0.5% to $590.1 billion, while inventories increased $1.2 billion or 0.1% to $860.2 billion.

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ABA Banking Journal Staff

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