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Daily News

U.S. Factory Orders Drop
Nov 5, 2008
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The Commerce Department said that factory orders fell by 2.5% from August, on top of a revised 4.3%decline in August, which was the steepest in almost two years.

Excluding autos and aircraft, orders fell 3.7%. Durable goods orders rose by 0.9%, up from a preliminary estimate of 0.8% last week.

Orders for primary metals, including steel and aluminum, dropped by 4.6%, while orders for computers and electronic equipment declined by 1.8%.

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