» Subscribe Today!
The Power of Information
The Ledger - EST. 1978 - Nashville Edition

Forgot your password?
Skip Navigation LinksHome > Article
VOL. 41 | NO. 46 | Friday, November 17, 2017

US durable goods orders fell 1.2 percent in October

Print | Front Page | Email this story

WASHINGTON (AP) — Orders for long-lasting manufactured goods fell last month for the first time since July, pulled down by plummeting orders for commercial aircraft. A category that tracks business investment posted the biggest drop in more than a year.

The Commerce Department says orders for durable goods, which are meant to last at least three years, slid 1.2 percent in October. It was the first drop since a 6.8 percent decrease in July.

Last month's figure was warped by an 18.6 percent drop in orders for commercial planes, a category that bounces around from month to month. Excluding transportation, orders were up 0.4 percent.

Overall, American industry is looking healthy, helped by an improving world economy and a drop in the U.S. dollar, which makes American products less expensive in foreign markets.