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The drop reflected a steep decline in commercial aircraft demand and little growth in orders that signal future business investment.
NPR: Orders For US Durable Goods Fall 5.7 Pct. In March
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In the report, we produce data that suggests a peak of global oil production at less than 95 million barrels a day, up from some 85 million now, and we summarize fears that could result in a peak of less than 92 million, plus a steep fall beyond the peak, all at a time when demand is rising well in excess of 100 million barrels a day.
FORBES: Magazine Article
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Retailers were burned in 2008 when consumer demand dropped sharply after holiday inventory orders were placed, resulting in steep pricing discounts in order to move merchandise.
FORBES: Retail inventories increase amid modest holiday sales views
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It has to, since softening demand from the U.S. military for its ground vehicles has combined with steep cuts in British defense spending to create a hole in future revenue projections that must be filled.
FORBES: British-Based BAE Systems Shifts U.S. Strategy
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Demand for gold in India, the world's largest consumer, has increased lately following a steep fall in its price, which hit a two-year low globally in mid-April.
WSJ: India Trade Deficit Widens
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Manufacturers, hit by slowing export demand due to the global slowdown and the euro's weakness against the pound, reported a particularly steep drop in new orders.
BBC: UK business confidence slumps