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Orders for U.S. Durable Goods Were Little Changed in August
Orders for U.S. durable goods were little changed in August, while shipments of capital equipment declined for a fourth straight month, indicating lingering weakness in manufacturing. The latest reading for bookings of goods meant to last at least three years followed a 3.6 percent advance the prior month that was less than initially reported, Commerce Department data showed Wednesday in Washington. Sales of non-defense capital goods excluding aircraft, used in calculating gross domestic product, unexpectedly dropped 0.4 percent last month. The series of declines in shipments of those goods indicates equipment ... (full story)