Support Marketplace

Durable goods turn out to be a summer flop

A Best Buy customer looks at a display of washing machines at a Best Buy store in San Francisco. Durable goods orders fell sharply in July.

Orders for expensive things that last quite a long time are down. There's news today that orders for durable goods fell sharply in July. Bill Stone, chief investment strategist at PNC Wealth Management, explains what happened, and what this means for the economy.

About the author

David Brancaccio is the host of Marketplace Morning Report. Follow David on Twitter @DavidBrancaccio

Comments

I agree to American Public Media's Terms and Conditions.
With Generous Support From...