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Demand for goods expected to last less than three months fell 2.1 percent.
It now has around 150m registered users worldwide not far short of the combined populations of France, Spain and Britain buying and selling goods expected to be worth well over $40 billion this year.
Orders for durable goods, or goods expected to last three years like household appliances, fell 1.3 percent in March to $176.7 billion, dragged lower by a 12.9 percent decline in orders for transportation equipment, the agency said.
With import quotas on textiles and apparel set to be removed at the end of 2004, and Chinese goods expected to flood in, pressure on American industry is high.
[C3.] Sales of New Homes Decline New home sales slid 6.4percentt in July, to a 1.134 million annual rate, while orders for goods expected to last at least three years gained 1.7percentt.
The latest report also showed that Americans' spending on durable goods -- like cars and other costly manufactured goods expected to last at least three years -- fell 1percentt in May.
Similar(50)
Factories making durable goods, items expected to last three or more years, forecast a 6percentt reduction, and businesses making nondurable goods expect to reduce spending by 7.9percentt.
For simplicity, we refer to these categories as good, expected and poor.
Furthermore, a convenient and precise apparatus may help much such a procedure and ensure a good expected result.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com