US Factory Orders Suffer Biggest Drop in 3.5 Years in Warning Sign for Economy
By Tom Ozimek New orders for American-made goods have suffered the sharpest drop in three-and-a-half years, with the latest sign of a slump in U.S. manufacturing adding to fears of a coming recession. According to the latest month of available data from the Commerce Department’s Census Bureau, factory orders fell 3.6 percent in October. The decline is the sharpest monthly drop since…
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