Declines attributed to lower sales in the petroleum and coal product, transportation equipment and chemical industries.
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The company has also agreed to acquire Mirage from Acteon Group Limited.
Coincident Economic Index and The Lagging Economic Index also increased.
Acquisition valued at $1.3 billion will expand United's Southeastern U.S. footprint.
Hutcherson succeeds Kevin Murphy, who was recently named CEO.
Single-family housing starts were unchanged over June.
Profit down 42.9 percent to $1 million for the quarter.
Expansion in U.S. manufacturing technology orders accelerating.
Latest acquisition gives roofing distributor three branches in New Jersey.
Sales of durable goods up 5.8 percent from the previous year.
Sales increase 5.7 percent to $14.4 billion in fourth quarter.
Year-to-date sales decreased 3 percent year-over-year.
Industrial production down 0.5 percent in the EU28.
Fourth quarter sales increased 7.5 percent year-over-year.
The change reflects the expanded market focus that resulted from the company's 2017 acquisitions.