Thursday, September 25, 2008
DURABLE GOODS REPORT
Orders for durable-goods down 4.5% Capital spending is weaker than expected as outlook grows grimmer By Greg Robb, MarketWatch Last update: 9:16 a.m. EDT Sept. 25, 2008 WASHINGTON (MarketWatch) -- New orders for U.S.-made capital goods decreased in August by the largest amount since the beginning of the year, signaling that businesses may be getting more cautious in their outlook. New orders for durable goods fell 4.5% in August, pushed lower by weak demand across the board, the Commerce Department reported Thursday. Economists surveyed by MarketWatch were looking for durable goods orders to fall 2% in August.