US durable-goods orders fall 2 pct. in October

Published November 27, 2013 1:59pm ET



WASHINGTON (AP) — Businesses spent less last month on machinery, computers and most other items, lowering orders for U.S. long-lasting factory goods. The decline suggests companies may have been reluctant to invest during the 16-day partial government shutdown

The Commerce Department said Wednesday that orders for durable goods dropped 2 percent in October from September. That follows a 4.1 percent increase in September from August.

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