capital goods orders

Economic Report: Factory Orders

By |2009-01-06T16:11:24-05:00January 6th, 2009|Markets|

New orders for manufactured goods in the US plunged 4.6% in the month of November, the 4th straight monthly decline. The contraction follows a downwardly-revised record 6.0% drop in orders in October and a 3.1% drop in September. The data, first reported by the Commerce Department, is worse than expected, as economists were expecting a number closer to 2.3%. Excluding transportation [...]