Economic Report: Durable-goods orders soften in September

Getty Images

Uneven demand, tepid investment still the story for U.S. manufacturers.

WASHINGTON (MarketWatch) — Orders for long-lasting goods made in the U.S. fell slightly in September, largely because of lower demand for military hardware and computers.

Business investment also posted the biggest drop in seven months, reflecting a tough environment for American manufacturers still coping with uneven demand and tepid spending.

Economists polled by MarketWatch had expected a 0.1% increase in orders for durable goods.

The decline in September, the first in three months, stemmed from a 45% plunge in bookings for large military goods such as fighter jets.

>>> Original Source <<<