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Big-Ticket Product Orders Fell for Second Straight Month Amid Supply Constraints
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Orders for long-lasting goods such as appliances, cars and computers decreased for the second straight month in October as U.S. manufacturers continued to confront higher material and shipping costs as well as labor and parts shortages.
New orders for products meant to last at least three years decreased 0.5% to a seasonally adjusted $260.1 billion in October when compared with September, the Commerce Department said Wednesday.
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