Economy
October 27, 2015
Durable Goods Orders Fall 1.2% in September
Written by Sandy Williams
New orders for manufactured durable goods fell 1.2 percent in September, following a decrease of 3.0 percent in August, according to the U.S. Census Bureau. Manufactured goods have been pressured by a decrease in exports due to weak global economic conditions and a strong U.S. dollar that makes pricing for U.S. products less competitive.
Transportation orders led the decrease, falling 2.9 percent to $75.5 billion. Orders for core goods, excluding transportation and defense, fell 0.4 percent.
