| Durables Orders Drop in September |
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| Written by Mike Buetow | |||
| Thursday, 25 October 2007 06:27 | |||
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WASHINGTON – Durable goods orders fell in September for the second straight month, the Commerce Department reported today. Orders dropped 1.7% after dropping 5.3% in August, the first back-to-back declines in more than a year, on lower demand for autos, computers and electronics products, among other items. Most economists felt orders would rise, and blame is being attributed to housing finance and other credit problems. Durables are defined as manufactured goods that have a life of at least three years.
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| Last Updated on Thursday, 25 October 2007 06:28 |
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