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U.S. Durable Goods Orders Fall in August

Wall Street Journal (09/25/14) Ben Leubsdorf; Jonathan House

Orders for durable goods declined overall in August from a month earlier, according to the U.S. Department of Commerce. Excluding defense goods, orders declined 19.0% in August after increasing 24.9% in July. New orders for nondefense capital goods excluding aircraft increased 0.6% in August, a hopeful sign for U.S. business expenditures.