Wall Street Journal (10/28/14) Jonathan House; Josh Mitchell
Durable goods orders declined for the second consecutive month in September, the latest indication of uneven improvement in the economy. Orders fell by 1.3%, according to the U.S. Department of Commerce. Economists polled by the Wall Street Journal had forecast orders would increase by 0.7% in September.
Excluding the transportation category, orders declined 0.2%, and excluding defense goods, orders declined 1.5%. The report indicated that worries about slowing global growth could be affecting business confidence.