October durable goods orders drop by 6.2 percent

WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods plunged in October by the largest amount in two years as manufacturing was battered by the overall economic weakness.

The Commerce Department reported Wednesday that orders for durable goods dropped by 6.2 percent last month, more than double the 3 percent decline economists expected.

via October durable goods orders drop by 6.2 percent: Financial News – Yahoo! Finance

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