Thursday, September 25, 2014

Durable Manufactured Goods Fell 18.2% in August

New orders for durable manufactured goods fell 18.2% in August, following two consecutive monthly increases. The decline in August was due to a fall in new orders for transportation goods—which experienced a large increase in the previous month. Excluding transportation goods, new orders on durables increased 0.7% in August, which is above the post-recession average.

Transportation goods decreased 42% in August, attributing to most of the month’s decline. New orders for capital goods, including defense and nondefense goods, decreased 34%, led by a 36% decrease in nondefense goods. New orders for computers and electronic products increased 1.7% and new orders for electronic equipment, appliances and components increased 3.1%—both suggest stronger activity among the business sectors. Of some concern, orders for vehicles and parts declined 6.4%.

Read the U.S. Census Bureau release.

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