Factory Orders Drop 0.9 Percent In March

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

Friday, May 1, 2009

The government says orders to U.S. factories fell a larger-than-expected 0.9% in March, while factory shipments dropped for a record eighth consecutive month. The report was further evidence of the severity of the recession.

The Commerce Department's reported decrease exceeded the 0.6% fall economists had been expecting. Shipments of manufactured products tumbled 1.2%, an eighth consecutive decline. It marked the longest stretch of decreases on records going back to 1992.

American manufacturers have been battered by a prolonged recession in the United States and spreading weakness overseas that has sharply reduced their foreign sales.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 44138887 - kake.com/a?a=44138887
Gray Television, Inc.