Orders for US durable goods decline by most since August

Orders for US durable goods fell in March by the most in seven months as demand slumped for commercial aircraft and business investment cooled.

24th April, 2013
Weakness in overseas markets and lower commodities prices have slowed demand for some companies such as Caterpillar.

Orders for US durable goods fell in March by the most in seven months as demand slumped for commercial aircraft and business investment cooled.

Bookings for goods meant to last at least three years decreased 5.7 per cent after a revised 4.3 per cent gain the prior month that was smaller than previously estimated, the Commerce Department reported today in Washington. Orders excluding transportation equipment, which is volatile month to month, unexpectedly fell for a second month.

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