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Politics : Formerly About Advanced Micro Devices

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To: Duncan Baird who started this subject12/24/2002 10:07:28 AM
From: tejek   of 1581540
 
Durable Goods Orders Fall

WASHINGTON (Dec. 24) - Orders to U.S. factories for big-ticket goods fell 1.4 percent in November, dealing a setback to the nation's manufacturers, which have been struggling to get back on their feet after being knocked down by last year's recession.

The unexpected drop in new orders for costly manufactured goods came after a 1.7 percent rise in October and marked the weakest showing since September, the Commerce Department reported Tuesday.

November's decline surprised economists, who were forecasting an increase in orders of around 0.8 percent.

Manufacturing has been the weakest link in the national economy's rec

very. After staging a decent comeback at the beginning of the year, factory activity has stumbled in recent months. Manufacturers continue to slash jobs.

12/24/02 08:38 EST

Copyright 2002 The Associated Press.
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