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Durable goods orders plunge as aircraft demand returns to normal
Durable goods orders plunge as aircraft demand returns to normal

Orders for computers, automobiles and other long-lasting durable goods last month posted their biggest drop since the federal government began collecting the data in 1992 as aircraft demand returned to normal levels after a surge in July. New orders for durable goods plunged 18.2% in August after increasing 22.5% the previous month, the Commerce Department said Thursday. The figures are a closely watched indicator of economic activity in the important manufacturing sector. In a positive sign, there was an increase in a key category viewed as a barometer for business investment plans. The July jump had been fueled by a stellar month for Boeing Co., which said it received 324 new...

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