The Obama economy is Romney’s golden ticket to the White House.
Orders placed with U.S. factories fell in August by the most in more than three years, signaling that slowdowns in business investment and exports restrained the economic expansion.
The 5.2 percent decrease in bookings was the biggest since January 2009 and followed a revised 2.6 percent increase in July, the Commerce Department said today in Washington. The median forecast of economists in a Bloomberg News survey called for a decline of 5.9 percent. Demand for durable goods dropped 13.2 percent, the same as reported last week, while shipments of non-durables, which includes such things as petroleum and chemicals and often reflect swings in price, climbed 2.2 percent.