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US durable orders fall for second straight month in Sept

by ChemOrbis Editorial Team -
  • 28/10/2015 (15:03)
According to a report released by the US Commerce Department, durable goods orders declined for the second consecutive month in September. Orders for durable goods fell 1.2% on the month in September following a revised decrease of 3% in August. Economists’ initial estimates called for a drop of 1%.

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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