✉news BusinessEconomy first seen 3 h ago, last 3 h ago, peak #12
US Durable Goods Orders Flat in August
Original: Durable Goods Orders Were Unchanged in August
New orders for US durable goods were unchanged in August, according to the latest Commerce Department figures, falling short of the growth many analysts expected. The flat reading suggests businesses remained cautious on big-ticket investments amid uncertain demand and higher borrowing costs. Economists say the data adds to questions about the strength of US manufacturing heading into the final months of the year.
Why now: Fresh government data showing stalled factory orders feeds ongoing debate about the health of the US economy.
United StatesCommerce DepartmentUS manufacturing sector
Evidence
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