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US Durable Goods Orders Flat in August, Beating Expectations
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The US Commerce Department reported that new orders for durable goods were unchanged (0.0%) in August, surpassing market expectations for a 0.4% decline. The previous month's growth was revised downward from 1.1% to 0.9%. Durable goods are items designed to last at least three years, such as machinery, computers, and transportation equipment. The data provides an early indicator of manufacturing activity and business investment. The better-than-expected reading suggests resilience in the industrial sector despite high interest rates and economic uncertainty. Analysts will watch for further details on core capital goods orders, which exclude defense and aircraft, to gauge business spending trends.
Source report
The U.S. durable goods orders for August came in at 0% month-over-month, compared to the market expectation of -0.4%. The previous month's figure was revised downward from 1.1% to 0.9%.
Source
金十数据Neutral / independent