New factory orders for manufactured goods slumped 4.6% in November, the Commerce Department said yesterday.
The factory order decrease, to $384.586 billion, was larger than the 2.5% decrease projected by Thomson Reuters and came after a revised 6.0% decrease to $403.315 billion in October, originally reported as a 5.1% decline to $407.370 billion.
Excluding transportation, the level of all new manufacturing orders fell 4.2% to $340.4 billion in November, following a 5.1% drop in October to $355.5 billion, originally reported as a 4.2% slide to $358.7 billion.
