Orders for long-lasting US factory goods, excluding the
volatile transportation category, fell in July for the fourth time in five
months, a sign that manufacturing may be faltering. The AP reports.
The Commerce Department said Friday that orders for durable
goods rose a seasonally adjusted 4.2 percent in July. But excluding aircraft
and other transportation goods, orders dropped 0.4 percent.
Aircraft orders soared 54 percent. Boeing, one of the
biggest global aircraft manufacturers, received 260 orders last month,
according to economists at IHS Global Insight, up from 21 in June.
Durable goods are items meant to last at least three years.
Orders for so-called core capital goods, a key measure of business investment
plans, fell 3.4 percent. That's the biggest drop since November and the fourth
decline in five months….
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