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Wed May 2, 2012, 12:34 PM

New Orders For Factory-Made Goods See Steepest Drop In Three Years [View all]

Source: LA Times

Demand for manufactured products posted its largest decline in three years in March, according to a government report released the day after several private reports found major gains in U.S. factory activity.

The Commerce Department said that new orders slumped 1.5%, falling $7.1 billion to $460.5 billion, after growing 1.1% in February. That's the steepest drop since March 2009.

Demand for transportation equipment suffered the most dramatic plunge, diving 12.6%. Strong auto sales earlier in the year cooled off last month as vstmakers such as Hyundai, Kia and Nissan watched their previously double-digit gains shrink.

Without transportation, new orders overall were flat. Durable goods -- products designed to last at least three years -- saw demand drop 0.8%.

Read more: http://www.latimes.com/business/money/la-fi-mo-new-factory-orders-20120502,0,5781069.story

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Reply New Orders For Factory-Made Goods See Steepest Drop In Three Years [View all]
Purveyor May 2012 OP
xchrom May 2012 #1
Iliyah May 2012 #2
Amonester May 2012 #4
rsmith6621 May 2012 #3
lib2DaBone May 2012 #5
BadgerKid May 2012 #7
shraby May 2012 #6
GeorgeGist May 2012 #8
Egalitarian Thug May 2012 #9
DallasNE May 2012 #10
progressivebydesign May 2012 #14
madrchsod May 2012 #11
Dawson Leery May 2012 #12
progressivebydesign May 2012 #13