Aug. 24 (Bloomberg) -- Declining demand for aircraft and motor vehicles pushed down U.S. durable goods orders last month, according to a government report that also showed resilient spending on business equipment such as computers.
The 2.4 percent decrease in durable goods orders followed a revised 3.5 percent increase in June that was larger than first reported, the Commerce Department said today in Washington. Boeing Co., the world's second-biggest commercial airplane maker, said it received fewer bookings last month than in June.
Orders excluding transportation equipment rose 0.5 percent, more than forecast and the third straight increase, suggesting manufacturing remains a bright spot in the economy.
The 2.4 percent decrease in durable goods orders followed a revised 3.5 percent increase in June that was larger than first reported, the Commerce Department said today in Washington. Boeing Co., the world's second-biggest commercial airplane maker, said it received fewer bookings last month than in June.
Orders excluding transportation equipment rose 0.5 percent, more than forecast and the third straight increase, suggesting manufacturing remains a bright spot in the economy.
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on Thursday, August 24, 2006 at 5:41 AM.
