Saturday, January 03, 2009

Numbers paint bleak picture

It’s anybody’s guess what this means to Invista and other area manufacturers, but numbers aren’t encouraging. New orders at U.S. factories fell in December to the lowest rates in 60 years when the measures first were recorded, according to The Wall Street Journal.

Overall manufacturing activity dropped to its lowest rate since 1980. No sector reported growth. The drops were sharper in Japan, but were mirrored around the world, in Britain, the rest of Europe, China and India. This all means the recession is bound to extend well into this year.

Buckle up, gang.

Post a Comment

(Requires free registration)

  • Please avoid offensive, vulgar, or hateful language.
  • Respect others.
  • Use the "Report Inappropriate Comment" link when necessary.
  • See the Terms and Conditions for details.

Click here to post a comment.

About

The River City 2020 project is an initiative of The News Virginian involving local community leaders. We will spend the next 12 months working on a white paper that will be presented online, in print and to the City Council. This blog will contain updates on our work. We encourage you to provide feedback in our forum.

Recent Forum Comments


Advertisement

Advertisement

Advertisement