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Transportation sector decline stalls factory orders

New orders received by U.S. factories fell by 0.5 percent in August, resuming a downtrend as demand for transportation equipment declined sharply, according to a Commerce Department report on Monday.

Total orders fell to a seasonally adjusted $408.9 billion after an upwardly revised 0.5 percent increase in July and a 0.6 percent fall in June. Economists surveyed by Reuters had forecast a decline of 0.4 percent in August. Get the full story »