Durable Goods Orders Off in August
Orders for durables excluding transportation equipment declined by 1.8% after a 3.4% gain in the prior month.
Economists were anticipating a decline of 4%. Excluding transportation were expected to fall 1%.
Orders for commercial aircraft dropped 41% during the month, after increasing 13% a month earlier.
Demand for automobiles declined 6.2% after an 11% gain in July.
Non-defense capital goods orders excluding aircraft, a proxy for future business investment, fell 0.7%, after rising 0.9% in July.
Unfilled orders for capital equipment rose 1.2%.