Orders for U.S.-made durable goods plunged 10.2% in January, the biggest drop in 5½ years, as non-defense aircraft orders posted their largest decline since December 1998, a government report showed Friday.
Capital goods orders tumbled 23.1%, the biggest decline since July 2000, on a record 20% decline in non-defense capital goods orders and a 64.3% fall in defense capital goods orders. Non-defense capital goods orders excluding aircraft, seen as a proxy for business spending, edged down 0.4%, the report showed.
Aircraft is about all we manufacture in the USA, anymore, as the big corporations have taken their production jobs and facilities overseas.
24 February, 2006
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