Orders for US Durable Goods Decline on Aircraft Bookings
- Bookings decreased 0.8% in September for a second month
- Core capital goods shipments down in four of last five months
Boeing 737 Max fuselages on railcars in Seattle.
Photographer: David Ryder/BloombergThis article is for subscribers only.
New orders placed with US factories for durable goods declined in September as a drop in bookings for commercial aircraft more than offset a pickup in business equipment.
The value of bookings for durable goods — items meant to last at least three years — fell 0.8%, following a downwardly revised decline of the same magnitude in August, Commerce Department figures showed Friday. Excluding transportation equipment, orders rose 0.4%.