» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 40 | NO. 43 | Friday, October 21, 2016

US goods orders dip in September with investment down

Print | Front Page | Email this story

WASHINGTON (AP) — Orders for big-ticket manufactured goods dipped slightly in September as a key category that tracks business investment fell by the largest amount in seven months.

The Commerce Department says orders for durable goods edged down 0.1 percent in September after gains of 0.3 percent in August and 3.6 percent in July. Orders in the category that serves as a proxy for business investment plunged 1.2 percent in September, the biggest setback since a 2.1 percent drop in February.

U.S. manufacturing has struggled this year as American companies have been confronted by a strong dollar which makes U.S. exports more expensive in foreign markets and by the lingering effects from a big drop in oil prices which triggered big investment cutbacks at energy companies.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0