Friday, September 24, 2010

Durable Goods Orders decreased 1.3% in August

by Calculated Risk on 9/24/2010 08:30:00 AM

From the Census Bureau:

New orders for manufactured durable goods in August decreased $2.5 billion or 1.3 percent to $191.2 billion, the U.S. Census Bureau announced today. Down three of the last four months, this decrease followed a 0.7 percent July increase. Excluding transportation, new orders increased 2.0 percent. Excluding defense, new orders decreased 1.2 percent.
Shipments of manufactured durable goods in August, down following two consecutive monthly increases, decreased $3.1 billion or 1.5 percent to $197.9 billion.
This was below the consensus for a decline of 1.0%.

Next up: New home sales at 10 AM ET.