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Business Briefing / Manufacturing

Demand for U.S. goods drops 2.4%

September 26, 2009|Times Wire Services

Demand for U.S. durable goods unexpectedly fell in August, signaling that companies are planning to curb spending on concern that gains in sales will not be sustained.

Orders for goods meant to last several years dropped 2.4%, the worst performance since January, the Commerce Department said. Excluding transportation equipment, orders were little changed.

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