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Economy
In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 25 April 2012 [View all]xchrom
(108,903 posts)46. US orders for long-lasting goods plunge in March
http://hosted.ap.org/dynamic/stories/U/US_DURABLE_GOODS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-04-25-08-40-44
WASHINGTON (AP) -- Orders for long-lasting factory goods fell by the largest amount in three years last month, mostly because demand for commercial aircraft plummeted. But companies also ordered less machinery and other equipment, a sign manufacturing output may slow.
Orders for durable goods dropped 4.2 percent in March, the steepest fall since January 2009, the Commerce Department said Wednesday. Commercial aircraft orders, a volatile category, fell by nearly 50 percent.
Excluding transportation equipment, orders declined 1.1 percent. That's the second drop in that category in three months.
WASHINGTON (AP) -- Orders for long-lasting factory goods fell by the largest amount in three years last month, mostly because demand for commercial aircraft plummeted. But companies also ordered less machinery and other equipment, a sign manufacturing output may slow.
Orders for durable goods dropped 4.2 percent in March, the steepest fall since January 2009, the Commerce Department said Wednesday. Commercial aircraft orders, a volatile category, fell by nearly 50 percent.
Excluding transportation equipment, orders declined 1.1 percent. That's the second drop in that category in three months.
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