Durable Goods Orders Rise in August

Durable Goods Orders Rise in August

Sep 27, 2018

Orders for durable goods, which are meant to last at least three years, rose in August, according to data released on Thursday.

Durable-goods orders rose 4.5% last month, the Commerce Department said. Economists had forecast a 1.9% increase.

Excluding the volatile transportation sector, orders increased 0.1% in August.

A key measure of business investment, meanwhile, fell in August. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, fell by 0.5% from a month earlier.

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