Durable Goods Orders Jump Nearly 3 Percent in August, Core Business Investment Gauge Rises

1 Min Read
Durable Goods Orders Jump Nearly 3 Percent in August, Core Business Investment Gauge Rises
Durable Goods Orders Jump Nearly 3 Percent in August, Core Business Investment Gauge Rises

A Boeing 737-823 operated by American Airlines takes off from the Reagan National Airport as U.S. flags flutter in Washington on Nov. 23, 2024. Benoit Tessier/Reuters

Demand for U.S. durable goods rebounded in August after two straight months of declines, while a key measure of business investment posted another gain in a sign of resilience in the manufacturing sector.

Orders for durable goods—ranging from computers to aircraft—increased by 2.9 percent last month, the Commerce Department’s Census Bureau reported on Sept. 25.

Share This Article