Bonds/Economy

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...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.




Connect with TheStreet

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

Brokerage Partners

TheStreet Premium Services

All Services