WebSify
Follow us on
Mail
Print

News Summary: Orders for US durable goods fall

Source : AP
Last Updated: Thu, Sep 27, 2012 20:04 hrs

: Demand for long-lasting manufactured goods plunged 13.2 percent in August because of a huge drop in volatile commercial aircraft orders. It was the biggest decrease since Jan. 2009.

DETAILS A LITTLE BETTER: Excluding transportation, durable goods orders fell only 1.6 percent. And a measure of business investment plans rose 1.1 percent, the first increase since May.

OUTLOOK: U.S. manufacturing has weakened since the spring. Factories have been hurt by weaker consumer spending and slower global growth that has cut demand for U.S. exports.



blog comments powered by Disqus
most popular on facebook
talking point on sify finance