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Orders to US factories down 1.7 per cent in August
Highlights
Orders to US factories fell in August by the largest amount in eight months, led by a drop in demand for commercial airplanes and weakness in a key category that tracks business investment spending.
Orders to US factories fell in August by the largest amount in eight months, led by a drop in demand for commercial airplanes and weakness in a key category that tracks business investment spending.
Factory orders declined 1.7 percent in August after a slight gain of 0.2 percent in July, the Commerce Department reported Friday.
It was the biggest setback since orders dropped 3.7 percent in December. Demand in a key category that serves as a proxy for business investment slipped 0.8 percent in August, following solid gains in June and July.
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