Metal orders, shipments rise at slower pace in Aug.

Sep 25, 2009 | 11:35 AM | Corinna Petry

Although new orders and shipments continued to rise last month for primary metal producers and manufacturers of fabricated metal products, the pace of growth slowed compared with the gains seen in July vs. June.

New orders for primary metal producers rose 1.9 percent in August to $13.7 billion from $13.5 billion the previous month although they were down 32.7 percent from August last year, the U.S. Census Bureau reported Friday. The month-on-month increase followed a 3.2-percent rise in new orders between June and July, but the year-to-date total remained 43.4 percent below the first eight months of 2008.....

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