December durable goods orders drop 2.6%

WASHINGTON (AP) - January 29, 2009

Given the severity of the current recession, analysts say manufacturers face bleak prospects this year as well.

The Commerce Department said Thursday that new orders for durable goods dropped by 2.6 percent last month, an even bigger decline than the 2 percent decline that had been expected.

For the year, the government says orders fell 5.7 percent, the second biggest drop on record, exceeded only by a 10.7 percent plunge in 2001.


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