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Factory orders slump in Germany.
Workers were laid off right down the supply chain almost as soon as home-town outfits like Yamaha and Suzuki saw export orders slump last year.
The National Semiconductor Corporation, which makes chips for cellular phones and personal computers, said it would eliminate 1,100 jobs, or 10percentt of its work force, to reduce costs as orders slump.
Railcar providers like Trinity Industries will see their orders slump as combined carriers sort out equipment needs.
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A sub-index of new orders slumped to 39.6.
A report from the purchasing managers group last week showed manufacturing stagnated in July as orders slumped to the lowest level in almost seven years.
There was more bad news in Asia, where China's factory sector shrank by the largest amount for 32 months in November as new orders slumped.
At the same time, a survey showed the decline in the manufacturing sector accelerated last month as orders slumped, echoing other reports of a drop in confidence amid spending cuts and a worsening eurozone crisis.
Manufacturing declined in September for the second consecutive month as orders slumped to a two-year low, a sign that higher borrowing and energy costs caused factories to cut back.
In Germany, manufacturing orders slumped more than expected in December and bankruptcies in Spain's once-buoyant construction industry are accelerating, putting more pressure on lenders that struggle with increasing numbers of bad loans.
It's tough for industrial projects: In the December quarter new orders slumped 11% from the year before.
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