Advertisement
YOU ARE HERE: LAT HomeCollections

Business Briefing

The Economy

Factory orders fell in August

October 03, 2009|Times Wire Reports

New orders to U.S. factories fell in August by the largest amount in five months, as manufacturers struggle to emerge from the recession.

The Commerce Department said demand for manufactured goods dropped 0.8%, much worse than the 0.7% gain that economists had expected. The August decline reflected plunging demand for commercial aircraft, a category that surged in July.

Economists worry that factories will remain under pressure because of weak consumer spending as American households deal with continued layoffs and rising unemployment.

Advertisement
Los Angeles Times Articles
|
|
|