US: Durable Goods Orders decline by 0.2% in August vs. -0.4% expected
- Durable Goods Orders in the US fell less than expected in August.
- US Dollar Index stays in negative territory at around 113.50 after the data.
Durable Goods Orders in the US declined by 0.2%, or by $0.6 billion, on a monthly basis in August to $272.7 billion, the monthly data published by the US Census Bureau revealed on Tuesday. This reading came in better than the market expectation for a decrease of 0.4%.
"Excluding transportation, new orders increased 0.2%," the publication read. "Excluding defense, new orders decreased 0.9%. Transportation equipment, also down two consecutive months, drove the decrease, $1.0 billion or 1.1% to $92.0 billion."
Market reaction
The US Dollar Index showed no immediate reaction to these figures and was last seen losing 0.4% on the day at 113.62.
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.
