Durable-goods Orders Drop 2% In August

By Jeffry BartashMarketWatch Pulse

​​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​.

Copyright © 2015 MarketWatch, Inc.

Continue Reading Below