WASHINGTON (AP) — Orders for long-lasting U.S. manufactured goods dropped in August with weakness in a key category that tracks business investment plans. The underlying demand for manufactured goods has been weaker this year as a strong dollar and China's economic slowdown have dragged down demand for American exports and big declines in oil prices have resulted in cutbacks in investment by energy companies. [...] economists said the 2 percent August decline overstated the weakness in manufacturing because much of the drag last month came from a huge 19.3 percent fall in orders for defense equipment, an extremely volatile category. The overall economy, as measured by the gross domestic product, grew at an annual rate of 3.7 percent in the April-June quarter, an estimate that will be revised on Friday.
Orders For Us Durable Goods Down 2 Percent In August
By MARTIN CRUTSINGER, AP Economics Writer, Seattle Post-Intelligencer: Business
Thu, 09/24/2015 - 7:00am
BING NEWS:
- Advance: October Durable Goods Orders Rise 0.2%
The October gain was driven by a 0.5% increase in transportation equipment, following two straight monthly decreases.
11/27/2024 - 2:42 am | View Link - U.S. Durable Goods Orders Rise 0.2% In October, Less Than Expected
The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods increased by less than ...
11/27/2024 - 2:29 am | View Link - U.S. Durable Goods Orders Rise Less Than Expected In October
The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods increased by less than ...
11/27/2024 - 12:52 am | View Link - Orders for Durable Goods Rose 0.2% in October
New orders for manufactured durable goods in October, up following two consecutive monthly decreases, increased $0.7 billion or 0.2% to $286.6 billion, the U.S. Census Bureau announced. This followed ...
11/27/2024 - 12:48 am | View Link - Durable goods order rise less than expected in October
New orders for durable goods rose 0.2% M/M to $286.6 billion in October, a smaller rise as compared to the 0.4% expected. September's number was revised down to -0.7%. Core durable goods order rise 0.
11/27/2024 - 12:36 am | View Link - More
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