New orders for American-made goods rose less than expected at the end of 2018.
SunPower Corporation, headquartered in Silicon Valley, equipment technicians install P-Series solar panel manufacturing technology at its Hillsboro manufacturing plant in Hillsboro, Oregon, USThat came after two straight months of declines.New orders for American-made goods rose less than expected at the end of 2018, underscoring expectations for weakening manufacturing activity.
There have been growing concerns about the outlook for the manufacturing sector, with factory orders unexpectedly declining 0.6% in November. A month earlier they had declined 2.1% to mark the largest drop in more than a year. A range of factors including a strong dollar and fading stimulus have weighed on the industry. In December, lower oil prices appear to have taken a toll on activity, with oil and gas related orders declining more than 5%.
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