Orders for U.S. Durable Goods Probably Slumped on Airplanes

Orders for U.S. durable goods probably plunged in August, reflecting a slump in demand for aircraft and slowing business investment, economists said before a report today.

Bookings for goods meant to last at least three years decreased 5 percent, the most since January 2009, after surging 4.1 percent in July, according to the median forecast of 79 economists surveyed by Bloomberg. A gain in orders for capital equipment such as machinery was probably not large enough to make up for the prior month’s fall, the data may also show.