NATION AND WORLD
.
University Daily Kansan, October 24, 1984
Page 12
Orders from factories fall 4.3%
By United Press International
WASHINGTON — Orders for "big ticket" factory goods fell 4.3 percent in September, the biggest setback in six months, due mainly to a reductions in the auto and aircraft industries, the Commerce Department said yesterday.
The level of unfilled orders also declined for the first time in 20 months, edging down 0.3 percent, the department said.
Factory employment and production in future months depend on both new orders and the backlog of
unfilled old orders, which got smaller even though manufacturers slowed their shipments in September 2.5 percent.
Factories are now feeling the effects of the 2.4 percent decline in orders during the April-June quarter of the year. The U.S. Labor Department reported.
New orders for manufactured durable goods, known as "big ticket" orders because they are the most expensive factory products, were worth $9.6 billion in September after seasonal adjustment.
That was $4.4 billion less than in August and the worst decline since
durables orders fell 6.5 percent in April.
With industry becoming a drag on the entire economy, the future economic outlook becomes a question mark. Two of the 10 components of the sensitive index of leading indicators, designed to anticipate the coming economy, are drawn from yesterday's durables report.
One economist, Michael Evans of Evans Economics, predicts the Oct. 31 report on leading indicators will not only decline but include revisions that turn August's report into a minus instead of a 0.5 increase.
By United Press International
Thunderstorms pelt Louisiana
NEW IBERIA, La — Fierce thunderstorms lashed southwest Louisiana with more than 11 inches of rain yesterday, sweeping cars off rural roads and forcing the evacuation of hundreds of people from neighborhoods, hospitals and nursing homes.
Authorities in St. Martin Parish searched for a man whose car was one of two washed off Louisiana 182 into a swollen drainage canal.
Two other people were rescued.
Gov. Edwin Edwards declared a state of emergency in four parishes ravaged by the flood and said a federal disaster declaration will be sought. He called out the National Guard to help with the flooding and planned to survey the flooded areas of the scipter when the weather permits.
Officials said it was impossible to determine the number of evacuates and it was too soon to count. Many schools and highways were closed
and shelters were set up for the homeless.
As many as 300 people were forced to seek shelter in the tiny town of Erath. Civil Defense organizations throughout the area reported hundreds of calls requesting evacuation.
Edwards sent representatives of the National Guard and the Office of Emergency Preparedness to the four parishes under emergency conditions — Iberia, Vermont, St. Martin and Lafayette.
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