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US Core Durable Goods Orders Rise 0.3% in August, Missing Forecasts; Prior Revised Up
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The US Commerce Department reported that new orders for durable goods excluding transportation rose 0.3% in August, falling short of the 0.6% increase expected by economists. The prior month's gain was revised upward to 0.7% from an initial 0.4%. This data point, released by Jin10, provides a key indicator of business investment trends, excluding the volatile transportation sector. The lower-than-expected reading may signal a moderation in manufacturing activity, though the upward revision to July's figure offers some offsetting strength. Analysts will watch for further details on core capital goods orders to assess the underlying trend in business spending.
Source report
- Month-over-month change: +0.3%
- Market expectation: +0.6%
- Previous month (revised): +0.7% (revised from +0.4%)
The August figure for U.S. durable goods orders excluding transportation came in below market expectations, at 0.3% compared to the anticipated 0.6%. The prior month's reading was revised upward to 0.7% from the initially reported 0.4%.
Source
金十数据Neutral / independent