US factory orders posted record drop in August

By Martin Crutsinger

Published October 2, 2014 2:43pm ET

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US factory orders posted record drop in August — In this Sept. 17, 2014 photo, workers at the Dusky Marine factory in Dania Beach, Fla., begin to assemble one of the custom boats they built at the family owned business. Each year the company makes 50-100 fishing boats. The Commerce Department releases factory orders for August on Thursday, Oct. 2, 2014. (AP Photo/J Pat Carter) | J Pat Carter

WASHINGTON (AP) — Orders to U.S. factories fell in August by the largest amount on record, but the drop was heavily weighed by an expected plunge in volatile aircraft orders.

A key category that tracks business investment plans posted a small increase, offering an encouraging sign that factory production will sustain momentum in the second half of this year.

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