Primary metals new orders plummet 15.3% in October

Dec 05, 2008 | 12:48 PM | Corinna Petry

New orders for manufactured goods fell for the third consecutive month in October to $407.4 billion, down 5.1 percent from September, according to U.S. Census Bureau data. The metals sector fared worse than that.

New orders for the primary metals sector totaled a seasonally adjusted $17 billion in October, down 15.3 percent from $20.1 billion the previous month, while shipments fell 10.2 percent to a little under $20 billion from $22.3 billion in the same comparison. Inventories of primary metals in October were....

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