Durable-goods Orders Drop 2% In August
WASHINGTON - Orders for durable U.S. goods fell a seasonally adjusted 2% in August, mostly because of lower bookings for autos and airplanes. That matched the 2% drop forecast by economists polled by MarketWatch. Orders minus transportation were flat, the Commerce Department said Thursday. Orders for core capital goods - a proxy for business investment - slipped 0.2%. Shipments of core capital goods, a category used to help determine quarterly economic growth, also fell 0.2% in August.
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