U.S. durable goods tumble, but business spending plans rebound

The Commerce Department said on Thursday durable goods orders, items ranging from toasters to aircraft that are meant to last three years or more, dropped 18.2 percent, the largest decline since the series started in 1992. Economists polled by Reuters had forecast durable goods orders falling 18 percent last month after a previously reported 22.6 percent jump in July. Orders for the volatile transportation category declined 42.0 percent last month as civilian aircraft orders tumbled 74.3 percent.

via Business News http://ift.tt/1BaY0EO