Economic Report: Factory Orders Were Down Again In February - 04/04/08

Economic Report :

Factory orders fell for a second straight month in February. According to a Commerce Department report released last week, factory orders fell by 1.3 percent on top of a 2.3 percent decline in January. The drop in January was the largest in five months. All eyes are on the month of March, as six straight months of declining numbers is necessary for economists to technically say the economy is in recession. The last increase was in November of 2007.