WASHINGTON — Orders for long-lasting U.S. factory goods fell sharply last month as demand for commercial aircraft plummeted and businesses spent less on computers and electrical equipment.
Manufacturing continues to struggle and could prevent economic growth from picking up in the July-September quarter.
Orders for durable goods fell 7.3 percent in July, the Commerce Department said Monday. It’s the steepest drop in nearly a year. Excluding the volatile transportation category, orders fell just 0.6 percent.
Read tomorrow's Arkansas Democrat-Gazette for full details.