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US durable goods orders slip less than expected in August

US durable goods orders slip less than expected in August
New orders for manufactured durable goods drop for 2nd straight month

By Tuba Sahin

ANKARA (AA) – US durable goods orders declined less than market forecast in August, down 0.2% from a month ago, according to official figures released on Tuesday.

New orders for manufactured durable goods dropped for the second consecutive month, down by $0.6 billion in August to $272.7 billion, the US Commerce Department’s Census Bureau said in a report.

The market expectation for August was a decline of 0.4%, following July’s revised 0.1% decrease.

Transportation equipment, which was down for a second straight month, led the fall with a $1 billion, or 1.1%, decline to $92 billion.

“Excluding transportation, new orders increased 0.3%. Excluding defense, new orders increased 0.4%,” said the report.

source: News Feed
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