U.S. Factory Orders Increase

THE JOURNAL RECORD, May 3, 2001 | Go to article overview

U.S. Factory Orders Increase


WASHINGTON (AP) -- Orders to U.S. factories registered their first increase of the year in March, thanks to stronger demand for transportation equipment. But the Federal Reserve's latest snapshot of economic conditions showed weakness throughout the economy in March and early April.

The Fed's survey, based on information from its 12 regional banks and collected before April 23, said that "almost all districts report a slow pace of economic activity."

The survey, released Wednesday, will be used by policy-makers at their next meeting on May 15 to set interest rates. Economists believe the central bank at that time will cut rates for a fifth time this year at that time.

The survey said that retail sales were weak in March and while they strengthened in April, most Fed districts expected "only small gains at best" in the coming months.

Consumer spending accounts for two-thirds of all economic activity and has been a main force propping up the struggling economy.

Manufacturers, which have been bearing the brunt of the slowdown, have seen activity continue to weaken, the Fed said.

"The high-tech and telecommunications industries are experiencing a pronounced slowdown," the survey said.

Despite sharply higher energy costs, retail prices were steady in most Fed districts, except for the Richmond, Va., region, where they have been rising at a quicker pace in recent weeks, the survey said.

In the other report, the Commerce Department said factory orders increased by a bigger-than-expected 1.8 percent to a seasonally adjusted $370.5 billion. Many analysts were predicting a 1.5 percent rise.

The advance followed a 0.1 percent drop in factory orders in February, according to revised figures, a better showing than the 0.4 percent decline previously reported. Factory orders fell by 4.3 percent in January.

The economic slowdown has hit the manufacturing sector hardest, causing companies to cut production, trim jobs and reduce work hours to cope with flagging demand.

Seeking to ward off recession, the Federal Reserve has slashed interest rates four times this year, totaling 2 percentage points. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

U.S. Factory Orders Increase
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.