Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Factory Orders Fall For Fifth Consecutive Month In December

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
 
Purveyor Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-05-09 11:45 AM
Original message
Factory Orders Fall For Fifth Consecutive Month In December
Source: RTT NEWS

(RTTNews) - Orders for manufactured goods fell by more than expected in the month of December, according to a report released by the Commerce Department on Thursday, with factory orders falling for the fifth consecutive month.

The report showed that orders for manufactured goods fell by 3.9 percent in December following a revised 6.5 percent decrease in November. Economists had expected orders to fall by 3.1 percent compared to the 4.6 percent decrease originally reported for the previous month.

With orders falling for the fifth straight month, the Commerce Department said that it marked the longest streak of consecutive monthly decreases since the series was first published on a NAICS basis in 1992

The bigger than expected drop in factory orders reflected notable decreases in orders for both durable and non-durable goods.

Read more: http://www.rttnews.com/Content/AllEconomicNews.aspx?Id=846040
Printer Friendly | Permalink |  | Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC