New orders for U.S.-manufactured goods unexpectedly fell in August, while business spending on equipment appears to have pulled back in the third quarter. Factory orders dropped 0.2% after a slightly downwardly revised 4.

Orders for manufactured goods fell 0.2% in August after a strong gain in the prior month, the Commerce Department said Thursday. It is the third decline in orders in the past four months.

Factory Orders -0.20% in August of 2024 over the previous month, trimming the downwardly revised 4.9% jump in the previous month, and missing forecasts that it would have remained unchanged. New orders,