US durable goods orders unexpectedly rise in August

US durable goods orders unexpectedly rise in August

WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods unexpectedly rose in August and there were signs that business spending on equipment regained some momentum after faltering early in the third quarter. The Commerce Department said on Wednesday that orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, gained 0.2% last month. Data for July was revised lower to show orders for…

Durable Goods Orders Unexpectedly Bounced In August, But...

Durable Goods Orders Unexpectedly Bounced In August, But... Thanks to a large downward revision for July (from -5.2% MoM to -5.6% MoM - the largest drop since the COVID lockdowns), preliminary August durable goods orders rose a marginal 0.2% MoM (vs -0.5% MoM exp). Source: Bloomberg Looking under the covers, we find more noise in this time series with orders ex-transports rose 0.4% MoM (+0.2% MoM exp), thanks to a big downward revision in July …