US: Durable goods orders increased by 4.5% in August following July's 1.2% contraction
|"New orders for manufactured durable goods in August increased $11.1 billion or 4.5 percent to $259.6 billion," the U.S. Census Bureau reported on Thursday.
Key takeaways from the press release
- This increase, up two of the last three months, followed a 1.2 percent July decrease.
- Excluding transportation, new orders increased 0.1 percent.
- Excluding defense, new orders increased 2.6 percent.
- Transportation equipment, also up two of the last three months, led the increase, $10.9 billion or 13.0 percent to $95.3 billion.
- Shipments of manufactured durable goods in August, up three of the last four months, increased $1.9 billion or 0.8 percent to $253.1 billion.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.