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Business

U.S. factory orders drop more than expected in November
Jan 7, 2009 04:00
New orders for manufactured goods to factories in the United States dropped by 4.6 percent in November, nearly double the 2.5 percent drop economists expected, the Commerce Department reported Tuesday. The more-than-expected drop marked a record fourth straight monthly decline, reflecting the intensifying effects of the recession, which started in December 2007. Factory orders have been falling since August, including a 6.0 percent plunge in October, the biggest setback in eight ...


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