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December factory orders post biggest fall in a year
Published Thu, Feb 4, 2016 · 09:50 PM
Washington
NEW orders for US factory goods fell in December by the most in a year as manufacturing continued to reel from the headwinds of a strong US dollar and weak overseas demand.
The Commerce Department said on Thursday that new orders for manufactured goods dropped 2.9 per cent, the largest drop since December 2014, after a downwardly revised 0.7 per cent fall in November. Factory orders fell 6.6 per cent in 2015.
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