WASHINGTON — New orders for manufactured durable goods fell $8.6 billion, or 4.0%, to $206.1 billion in January, the Commerce Department reported Tuesday.

The drop came after an upwardly revised 3.2% increase in December and was the largest drop since January 2009, when new orders plummeted 13.2%.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.