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29 September, 2016 00:00 00 AM
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US durable goods orders flat in August

AFP

AFP, WASHINGTON: Orders for US manufactured durable goods were unchanged in August, hitting a plateau after rising in July, according to data released yesterday by the Commerce Department.
Total new orders for manufactured goods totalled $226.9 billion, barely changed after having risen 3.6 per cent in July. Analysts had forecast a decrease of 1.9 per cent for August.
However, excluding transportation, an important but volatile component, orders fell 0.4 percent. Defense orders for capital goods rose $2.3 billion, or 23.6 per cent, to $11.9 billion.
According to Ian Shepherdson of Pantheon Macroeconomics, the August results were signficantly boosted by the US Air Force’s recent order of 19 new tanker aircraft from Boeing, which helped offset a decline in civilian aircraft orders.
However, he said the figures showed a third consecutive gain in core capital equipment expenditures, excluding defense items and aircraft.

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Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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