Economy
September 25, 2020
Durable Goods Orders Slow in August
Written by Sandy Williams
Orders for durable goods rose for the fourth consecutive month in August but at a much slower pace than July, said the Department of Commerce.
New orders for manufactured goods expected to last at least three years increased 0.4 percent to $232.8 billion in August, a sharp deceleration from the 11.7 percent surge in July. The August gain fell short of economist expectations of a 1.5 percent to 1.8 percent increase for the month.
