documentHTML: January 3, 1980
HAPPY NEW YEAR
RR1/15
The economic slowdown, heretofore confined largely to the automotive and
housing sectors, is beginning to spread, based on recent data. The latest
monthly survey of purchasing agents indicated declines in new orders and
production levels, coupled with faster deliveries by suppliers as backlogs
shrin k. November machine-tool orders dropped 20% from the September
October bulge level. Even in the fast-growing semiconductor industry, almost
all shor...
