Economy
September 29, 2016
Durable Goods Orders Flat in August
Written by Sandy Williams
Durable goods orders were flat in August after making gains in July. In the latest report by the Department of Commerce, new orders for manufactured durable goods, excluding transportation were down 0.4 percent, and orders excluding defense were down 1.0 percent.
Orders for core capital goods, a proxy for business spending which excludes both military and aircraft, rose 0.6 percent, for a third consecutive monthly increase. Shipments of core capital goods decreased 0.4 percent to $231.7 billion after posting no change in July.
