Skip to main content
Advertising

Originally published Saturday, May 4, 2013 at 8:33 PM

  • Share:
           
  • Comments (0)
  • Print

US factory orders down 4 percent in March

Orders to U.S. factories fell in March by the largest amount in seven months but a key category that signals business investment plans managed a small increase.

AP Economics Writer

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

WASHINGTON —

Orders to U.S. factories fell in March by the largest amount in seven months but a key category that signals business investment plans managed a small increase.

The Commerce Department says factory orders dropped 4 percent following 1.9 percent rise in February, reflecting a big plunge in the volatile category of commercial aircraft. Orders in a category considered a proxy for business investment plans rose 0.9 percent, a modest gain but an improvement from a preliminary report last week that had shown a decline.

Weaker economies overseas and the impact of across-the-board government spending cuts have made businesses more cautious, dampening demand for manufactured goods. But even with the March decline, total orders stood at $467.3 billion, 43 percent above the recession low hit in March 2009.

News where, when and how you want it

Email Icon

Subscribe today!

Subscribe today!

Get four weeks of digital access for 99 cents

Advertising

Advertising

The Seattle Times photographs

Seattle space needle and mountains

Purchase The Seattle Times images


Advertising
The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►