Orders to US factories down 1.7 per cent in August

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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