US durable orders fall for second straight month in Sept
The decrease was attributed to ongoing weakness in orders for transportation equipment, which fell 2.9% in September after slipping by 6.9% in the previous month. Orders for non-defense aircraft and parts slumped 35.7% following a decrease of 11.2% in August while orders for non-defense capital goods declined 0.3% in September from August’s decrease of 1.6%.
Economists commented that a strong dollar, weak commodity prices and the slowing global economy are weighing down US manufacturing activities.
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