US Durable Goods Orders decline 0.8% in September vs. -1% expected

Durable Goods Orders in the US declined in September.
US Dollar Index stays in daily range near 104.00 after the data.

Eren Sengezer FXStreet

Durable Goods Orders in the US decreased $2.2 billion, or 0.8%, to $284.8 billion in September, the US Census Bureau reported on Friday. This reading followed the 0.8% decrease (revised from 0%) recorded in August and came in slightly better than the market expectation for a decline of 1%.

"Excluding transportation, new orders increased 0.4%," the publication read. "Excluding defense, new orders decreased 1.1%. Transportation equipment, also down three of the last four months, drove the decrease, $3.1 billion or 3.1% to $95.4 billion."

Market reaction

The US Dollar Index showed no immediate reaction to these figures and was last seen trading virtually unchanged on the day near 104.00.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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