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Wednesday, May 18, 2022
HomeNewsEconomyDurable Goods Orders Flat in August

Durable Goods Orders Flat in August

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American workers at a manufacturing plant for long-lasting durable goods. (PHOTO: REUTERS)

The Commerce Department reported on Wednesday durable goods orders were unchanged in August from the prior month, still beating the median forecast. Economists expected orders for long-lasting manufactured goods to decrease by 1.4%.

Durable goods are manufactured products such as cars, refrigerators and airplanes designed and expected to last longer than three years-were. Excluding the volatile categories of defense and transportation products, or products largely paid for by taxpayers, durable goods orders actually declined.

Meanwhile, durable goods orders excluding transportation fell by 0.4% and have decrease during three of the past four months,, matching the median forecast. Orders outside of defense fell 1% last month from July.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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