Orders to U.S. factories fell sharply in December, closing out a year in which demand for American manufactured goods fell for the first time in six years.The Commerce Department says factory orders …
This item is available in full to subscribers.
We have recently launched a new and improved website. To continue reading, you will need to either log into your subscriber account, or purchase a new subscription.
If you are a digital subscriber with an active subscription, or you are a print subscriber who had access to our previous wesbite, then you already have an account here. Just reset your password if you have not yet logged in to your account on this new site.
If you are a current print subscriber and did not have a user account on our previous website, you can set up a free website account by clicking here.
Otherwise, click here to view your options for subscribing.
Please log in to continue |
Orders to U.S. factories fell sharply in December, closing out a year in which demand for American manufactured goods fell for the first time in six years.The Commerce Department says factory orders dropped 2.9 percent in December, the fourth decline in the past five months. For the entire year, factory orders fell 6.6 percent, marking the first annual decline since 2009, a year when the country was struggling to emerge from the Great Recession.The 2015 decline underscores the problems American manufacturers are facing from spreading global weakness and the rising strength of the dollar.The big December decline was led by a plunge in demand for commercial aircraft, a volatile category. But orders in a key category that tracks business investment also fell sharply.Manufacturing
