U.S. Durable Goods Orders Decline

WASHINGTON — New orders for long-lasting manufactured goods by American companies slipped in August on weak demand for motor vehicles, government data showed on Wednesday, but a rebound in a gauge of business spending supported views the economy could avoid another recession.

The Commerce Department said durable goods orders dipped 0.1 percent after a 4.1 percent jump in July.  Read more

Categories: Economics, United States

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.