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US: Durable Goods Orders decline by 0.2% in August vs. -0.4% expected
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." The US Dollar Index showed no immediate reaction to these figures and was last seen losing 0.4% on the day at ... (full story)
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