04262018Thu
Last updateThu, 26 Apr 2018 2pm

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Manufacturing & The Economy

Durable Goods Orders Fell 6.8% in July

New orders for manufactured durable goods in July decreased $16.7 billion or 6.8% to $229.2 billion, the U.S. Department of Commerce announced. This decrease, down three of the last four months, followed a 6.4% June increase. Excluding transportation, new orders increased 0.5%.

“This is about aircraft orders and pretty much nothing else, aircraft being a notoriously volatile area. Airlines do tend to order in batches and that's really all this is,” Forbes reports

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