Business news with words aircraft+department+weakness. 2 news.

Factory orders decline more than expected Orders to factories fell in August by the largest amount in seven months, reflecting weakness across a wide swath of manufacturing as the turbulent financial market made businesses more cautious. The Commerce Department said orders dropped 3.3 percent in August, even worse than the expected 2.8 percent decline. It was the biggest setback since orders fell 4.2 percent in January. Demand for commercial aircraft fell 39.9 percent, leading the overall decline. Orders also were weak for other industries, from autos and home appliances to industrial machine

WASHINGTON (MarketWatch) - Orders for durable goods plunged 4.9% in August after a 6.1% gain in July, the Commerce Department reported Wednesday, as bookings for new aircraft see-sawed lower. It was the biggest decline since January. Excluding the 11.2% drop in transportation goods orders, new orders fell 1.8% in August after a 3.4% gain in July. Shipments of durable goods fell 1.6% in August, the biggest decline in 11 months. New orders were soft across the board, reversing the universal strength seen in July's report. Businesses reduced their orders for capital equipment from U.S. factories in August by 0.7%, another sign that capital spending and exports may not be strong enough to offset weakness in other areas of the economy.