TOOL ORDERS FELL 61.2% IN MARCH
New orders for machine tools continued to slide in March, and industry analysts now say that orders this year will slip below the depressed levels of last year. Orders for March dropped 61.2 percent, to $135.3 million, from $349 million in March 1981, and fell 17.4 percent from February's level of $163.8 million. So far this year, orders are down by 45 percent, according to the National Machine Tool Builders Association.