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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jul 04, 1990
Page
3
U S Commerce Department data show orders for durable and non durable manufactured goods up 2.1 percent in May after April drop, with total orders at 240.9 billion dollars. May gains follow January decline and come as industrial production increases 0.6 percent, suggesting improving conditions amid potential employment effects.
It was the third gain in orders since they dropped 5.5 percent in January, their steepest decline since a 7.0 per cent decrease in December 1974. All major categories advanced except non durable orders which were unchanged at $112.4 billion.
Commerce data show a 0.4 percent May drop in overall orders for durable goods, marking a second consecutive decline. Transportation orders rose 10.1 percent led by automobiles, while non-defense capital goods orders fell 1.5 percent. Shipments climbed 2.0 percent and unfilled orders edged up 0.4 percent as inventories held steady.
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