Tuesday, January 7, 2003
Orders for U.S. manufactured goods fell 0.8 percent to $319.27 billion in November after a 1.4 percent rise in October, the government said Tuesday, reflecting weaker demand for durable goods.
The larger than expected decline was the third drop in four months and reflected weakness in most manufacturing categories.
Orders for durable goods, items meant to last three years or more, slid 1.5 percent in November, a shade more than the 1.4 percent dip initially reported. Demand for non-durable items slipped just 0.1 percent.
By: DocMemory
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