Home | Growth | Durable goods orders drop

Durable goods orders drop

By
Font size: Decrease font Enlarge font
Durable goods orders drop

2% drop in August follows 1.9% increase in July.

New orders for manufactured durable goods in August decreased 2.0%, the U.S. Census Bureau announced today.  Recent market volatility and concerns that global growth is stalling were considered the major drivers in the decline.

Analysts had expected a decrease of 2.3%.

Non-defense capital goods orders excluding aircraft - so-call “core capital goods orders” - decreased 0.2% during the month, following a revised 2.1% increase in July.

Analysts had estimated an increase in core capital goods orders of 0.1%. 

The decrease in core capital goods orders is an unwelcome sign, as it is generally considered a solid gauge of business spending.  Given the general concerns of a global economic slowdown, it calls into question growth projections for the remainder of 2015.

 

 

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha