This Week in Business: factory orders, services industry health, layoffs update

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This Week in Business: factory orders, services industry health, layoffs update
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On Tuesday, the Commerce Department releases its July snapshot of business orders to U.S. factories.

Economic barometerEconomists project that factory orders fell 2.7% in July from the previous month. That would mark the first monthly decline in orders since February, when they dropped 1.1%.

Orders have been generally rising throughout the year as consumer spending remained strong, despite persistent inflation. Economists and companies are increasingly worried about consumer demand ahead.

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