Orders for U.S. Durable Goods Unexpectedly Decline
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Orders for U.S. goods meant to last several years unexpectedly decreased in October, raising the risk that companies will scale back on investments in new equipment.
Demand for so-called durable goods dropped 3.3 percent, the biggest plunge since January 2009, after a revised 5 percent jump in September that was larger than previously estimated, figures from the Commerce Department showed today in Washington.