Factory orders fall 10.1% in August - MarketWatch
Orders for goods produced in U.S. factories fell 10.1% in August, the
U.S. Commerce Department said Thursday. Economists surveyed by
MarketWatch had expected orders to fall 9.7%. Factory orders grew 10.5%
in July, unrevised from prior estimates. The volatility is mainly
because of up-and-down demand for airplanes. Orders for durable goods --
products meant to last at least three years - fell a record 18.4% in
August, down from prior estimate of an 18.2% drop. Orders for nondurable
goods fell 0.4%.
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