Factory orders in the U.S. fall 2.0% in January

New orders for the U.S. manufactured goods declined notably in the month of January due to a substantial fall of transportation equipment orders, the Commerce Department reported on Wednesday. The report showed a 2.0% decrease of factory orders in the first month of 2013 following a 1.3% gain the month before, compared to a forecast of a 2.2% loss and 1.8% increase in December.