U.S. durable goods orders fell 18.2% in August
WASHINGTON — Business orders for durable manufactured goods fell 18.2 percent in August following a 22.5 percent increase in July, the Commerce Department reported Thursday. Both the big increase and the big drop were records.
They reflected a sharp swing in demand for commercial aircraft. Orders for motor vehicles and parts also fell after rising in July.
The August dip was expected to be temporary given the strong sales gains automakers have enjoyed this year.
