Aug. Factory Orders Fall 1.7%; Ex-Transportation Off 0.8%

New orders for manufactured goods decreased 1.7% in August, after gaining a revised 0.2% in July, first reported as a 0.4% increase, the Commerce Department reported Friday.

Economists polled by Thomson Reuters expected orders to fall 1.0%.

Excluding transportation, new orders fell 0.8%, after a 0.7% drop the previous month. Excluding defense, orders were down 1.2% after a 0.3% decrease in July.

Durable goods orders were 2.3% lower in August after a 1.9% increase in July, while nondurable goods orders declined 1.1% in August after a 1.4% slide in July.

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