Connect With PPD
Follow Us:
Economy

Durable Goods Orders Flat in August

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.

READ FULL STORY

SubscribeSign In
PPD Business Staff

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.

Share
Published by
PPD Business Staff

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

9 months ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

3 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

3 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

3 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

3 years ago

This website uses cookies.