Skip to content

US factory orders plunge 14.4% as economy grinds to halt

WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods plunged 14.4% in March, a worse-than-expected performance that underscored the severe impact the coronavirus pandemic is having on the U.S. economy The March follows a 1.
mips108-423_2020_155841

WASHINGTON — Orders to U.S. factories for big-ticket manufactured goods plunged 14.4% in March, a worse-than-expected performance that underscored the severe impact the coronavirus pandemic is having on the U.S. economy

The March follows a 1.1% gain in February, before the government-mandated shutdowns to contain the virus had begun.

The report Friday from the Commerce Department showed weakness across the board with demand for transportation products falling 41%. Demand for motor vehicles and commercial airliners both tumbled.

The dire numbers from Commerce follow a report showing that manufacturing production collapsed in March, posing the biggest declines since the country demobilized after World War II.

Martin Crutsinger, The Associated Press




Comments

Rogers Media
6080 Young Street Halifax, NS, B3K 5L2 © 2006-2020 Rogers Media. All rights reserved.