Market Watch reported that The U. S. Commerce Department reported that Orders for durable goods sank 13.2% in August, the biggest one-month decline in more than three years, as bookings for autos and aircraft fell sharply. Excluding the volatile transportation sector, whose bookings can swing sharply from month to month, orders fell a much smaller 1.6%.
Core capital goods Orders, which exclude defense and aircraft, actually rose 1.1% after a 5.2% decline in July. Shipments of durable goods fell 3.0% in August, while inventories rose 0.6%. Orders for July were revised down to a 3.3% increase from an initial report of a 4.1% gain. Shipments of core capital goods, a number used to help calculate gross domestic product, fell 0.9% in August to mark the second straight decline.
Core capital goods Orders, which exclude defense and aircraft, actually rose 1.1% after a 5.2% decline in July. Shipments of durable goods fell 3.0% in August, while inventories rose 0.6%. Orders for July were revised down to a 3.3% increase from an initial report of a 4.1% gain. Shipments of core capital goods, a number used to help calculate gross domestic product, fell 0.9% in August to mark the second straight decline.
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