Factory orders in the U.S. fell again for the sixth straight month, according to the latest report from the U.S. Census Bureau.
Factory orders fell $0.9 billion, or 0.2% to $470 billion. Nowhere near as bad as December’s fall of 3.5%.
Shipments are down making if five down months out of the last six. The sector lost $9.8 billion, or 2%, to $479.1 billion.
Unfilled orders fell by $2.2 billion, to $1,163.4 billion. And inventories lost $2.5 billion to come in at $650.5 billion.
More about the U.S. Census Bureau report on manufacturers’ shipments, inventories and orders for January on IndustryWeek.