US Factory Orders Decline in August, Signaling Economic Concerns

Unexpected drop in manufacturing orders raises questions about economic stability as business investment slows.

Factory orders fell by 0.2% in August, following a significant 4.9% increase in July, contrary to economists' expectations of no change.
Orders for non-defense capital goods excluding aircraft, a key indicator of business investment, rose by 0.3% in August, slightly above initial estimates.
Shipments of core capital goods decreased by 0.1%, impacting the GDP's business spending component and suggesting a slowdown in investment.
August's decline marks the third decrease in factory orders over the past four months, highlighting ongoing challenges in the manufacturing sector.
The Institute for Supply Management's PMI has shown contraction in manufacturing for most of the past two years, raising concerns about the sector's recovery.