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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology US durable goods orders slip in August AFP - Saturday, September 26 Send IM Story Print Customers walk by a display of washing machines at a Best Buy store in San Francisco, California. Orders for US durable goods fell 2.4%, government data has revealed in a survey showing surprising weakness in the manufacturing sector. WASHINGTON (AFP) - – Orders for US durable goods fell 2.4 percent, government data revealed Friday in a survey showing surprising weakness in the manufacturing sector. The decrease following a revised surge of 4.8 percent in July, the Commerce Department said. Excluding transportation, new orders were down slightly. Excluding defense, new orders decreased 2.4 percent. The drop contrasted with market expectations of a 0.4 percent increase. Manufacturing has been leading the US recovery from recession, although some analysts say this is largely due to rebuilding of factory inventories instead of growing consumer demand. Durable goods are those likely to last three years or more, such as autos and appliances, and represent a key segment of the manufacturing sector. The monthly report on durable goods is subject to volatility due to big orders for aircraft and defense equipment. Excluding defense and transportation, orders were down 0.4 percent in August. Recommend Send IM Story Print News Search Top Stories BBVA sells 1 bln dlrs of property to Deutsche Bank Kasparov beats Karpov in chess legends' rematch Swine flu vaccines win approval US durable goods orders slip in August French banks sue for billions over Lehman collapse More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Water detected on the Moon Strong dollar 'very important' to US: Geithner 'Party over' for bankers: British finance minister New Confucius family tree hits two million Credit Suisse poised for bonus pay-out: report More Most Viewed » Ozone hole smaller in 2009 than 2008: WMO Nanoparticles could pose threat to humans: scientists Remains of Jesus-era synagogue found in Israel Implanted tooth helps blind US woman recover sight More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Search Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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