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Business America

U.S. economy

U.S. economy – Trade Watch

Retail sales in March dropped 0.4 percent from February, according to advance estimates, but they were 3.5 percent higher than in March 1991 … Majority-owned affiliates of U.S. companies plan to increase capital expenditures 4 percent in 1992, to $65.8 billion, after an estimated 3 percent increase in 1991 … Manufacturers’ after-tax profits averaged 1.3 cents per dollar of sales in the fourth quarter of 1991, down 1.3 cents from the third quarter … February sales of merchant wholesalers were up 0.5 percent from January and were 1.4 percent above a year ago … New orders for manufactured goods in February increased 0.5 percent, following a 0.5 percent rise in January and a 3.7 percent decrease in December.

COPYRIGHT 1992 U.S. Government Printing Office

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