Nov. Factory Orders Drop More Than Expected
By Martin Crutsinger
WASHINGTON -- Orders to factories fell for a record fourth straight month in November, reflecting the intensifying effects of the country's steep recession. The Commerce Department says orders declined by 4.6% in November, nearly double the 2.5% drop economists expected. Orders have been falling since August, including a 6% plunge in October, the biggest setback in eight years. The weakness in November reflected a big drop in demand for commercial aircraft. Weakness also was seen in autos, primary metals such as steel, and defense communications equipment.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,406.96 | 1,109.30 | 2,197.85 | 33.31 |
Oil *
78.75
|
|
UP
136.49
|
UP
15.82
|
UP
29.97
|
DOWN
0.98
|
10 Yr
3.33%
SPDR Gold
111.63
|
|
+1.33%
|
+1.45%
|
+1.38%
|
-2.86%
|
Data delayed 20 minutes |














