Factory orders fell in April after parts shortage

Businesses cut back on their orders for heavy machinery, computers and autos in April, partly because the March earthquake in Japan has made components parts harder to come by.

Businesses cut back on their orders for heavy machinery, computers and autos in April, partly because the March earthquake in Japan has made components parts harder to come by.

Orders to U.S. factories fell 1.2 percent in April and a measure that signals business investment dropped 2.3 percent, the Commerce Department reported Thursday.

Orders to factories totaled $440.4 billion in April on a seasonally adjusted basis. That's 31.1 percent higher than the recession-low hit in March 2009.

Manufacturing has been one of the strongest areas of the economy since the recession ended. But it has shown signs of slowing in recent months. On Wednesday the Institute of Supply Management reported that its index of manufacturing activity expanded in May at the slowest pace in 20 months.

Analysts believe much of the weakness is temporary. Japan makes many of the parts used in electronics and autos assembled in the United States, so factory shutdowns there affect U.S. production. And higher energy prices have cut into consumer and business spending, limiting demand for factory goods.

Economists expect businesses will step up their purchases of manufactured goods this year to take advantage of a one-year tax break on investments in new equipment.

But many companies pulled back in April. Orders for durable goods, products expected to last at least three years, fell 3.6 percent. Demand for machinery dropped, including a sizable decline in orders for electronic turbines and generators.

Orders for computers fell 3.5 percent and demand for autos and auto parts dropped 5.5 percent.

Orders for nondurable goods rose 0.6 percent in April following a 3.1 percent increase in March. Demand for food, energy products and chemicals rose although economists said part of those gains reflected higher food and petroleum prices in the past few months.

One of the factors boosting U.S. manufacturing has been a surge in export sales. A weaker dollar has made U.S. goods cheaper in foreign markets.

In Other News

fake money

Keywords clouds text link http://alonhatro.com

 máy sấy   thịt bò mỹ  thành lập doanh nghiệp
Visunhomegương trang trí  nội thất  cửa kính cường lực   lắp camera Song Phát thiết kế nhà 

Our PBN System:  thiết kế nhà xưởng thiết kế nội thất thiết kế nhà tem chống giả  https://thegioiapple.net/ https://24hstore.vn/

aviatorsgame.com ban nhạcconfirmationbiased.com 
mariankihogo.com  ốp lưngGiường ngủ triệu gia  Ku bet ku casino

https://maysayhaitan.com/  https://dovevn.com/ buy fake money https://sgnexpress.vn/ máy sấy buồn sấy lạnh

mặt nạ  mặt nạ ngủ  Mặt nạ môi mặt nạ bùn mặt nạ kem mặt nạ bột mặt nạ tẩy tế bào chết  mặt nạ đất sét mặt nạ giấy mặt nạ dưỡng mặt nạ đắp mặt  mặt nạ trị mụn
mặt nạ tế bào gốc mặt nạ trị nám tem chống giả

https://galaxymedia.vn/  công ty tổ chức sự kiện tổ chức sự kiện
Ku bet ku casino
Sâm tươi hàn quốc trần thạch cao trần thạch cao đẹp

suất ăn công nghiệpcung cấp suất ăn công nghiệp


© 2020 US News. All Rights Reserved.