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U.S. factory orders fall 2.4 percent in November

Staff Writer |
New orders for U.S.-made goods fell in November, weighed down by a plunge in the volatile civilian aircraft category, but the underlying trend suggested manufacturing is gradually firming.

Factory goods orders declined 2.4 percent, the Commerce Department said after an upwardly revised 2.8 percent increase in October.

Orders for non-defense capital goods excluding aircraft rose 0.9 percent in November as reported last month.

Shipments of core capital goods gained 0.2 percent in November as previously reported.

A report this week showed factory activity hitting a two-year high in December, driven by a surge in new orders.

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