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.

Eren Sengezer FXStreet

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.

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