September 26, 2007
Manuf. orders take an August nosedive
By Matthew L. Brown
New orders for durable goods manufactured in the U.S. took a solid hit in August, decreasing by 4.9 percent or $11.3 billion, according to the U.S. Census Bureau.
The bureau said new orders totaled $219.5 billion in August. The decrease comes after two consecutive monthly increases in new orders, including a 6.1 percent increase in July.
Durable goods are things like automobiles, airplanes, telecommunications hardware and other, long-lasting manufactured products.
The bureau said new orders totaled $219.5 billion in August. The decrease comes after two consecutive monthly increases in new orders, including a 6.1 percent increase in July.
Durable goods are things like automobiles, airplanes, telecommunications hardware and other, long-lasting manufactured products.
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