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May 3, 2012

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Home » Business » Manufacturing

Orders decline

DEMAND for US manufactured goods fell by the most in three years in March, driven lower by a sharp fall in volatile orders for commercial aircraft. Still, more recent data suggest the decline may be temporary.

The Commerce Department yesterday said orders for factory goods fell 1.5 percent, the steepest drop since March 2009, when the economy was mired in recession. Orders rose 1.1 percent in February. Aircraft orders dived nearly 50 percent.




 

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