Economy
October 24, 2019
Durable Goods Orders Drop 1.1 Percent in September
Written by Sandy Williams
Durable goods orders fell by the greatest amount since May, dropping 1.1 percent in September, significantly more than analysts’ estimates of a 0.8 percent decline. Core capital goods, non-defense minus aircraft and a proxy for business investment, fell 0.5 percent.
The latest Census Bureau report indicates further weakness in the manufacturing sector. Continued uncertainty regarding trade and the domestic and global economy has stifled growth in the U.S. and abroad.
