Durable Goods Orders Remain Flat in August, Core Number Rises More Than Forecast
Durable Goods Orders Flat in August
In a surprising turn, durable goods orders remained virtually unchanged, registering at $289.7 billion for the month of August. This figure bested analyst expectations which forecasted a decline of -2.8%. The numbers suggest a degree of stability in manufacturing, especially considering the significant increase of +9.9% observed in July.
Core Number Surpasses Forecast
Despite the overall stagnation, the core durable goods orders, which exclude transportation items, saw a more than anticipated increase. This resilience highlights the underlying strength in specific sectors of the economy.
- Durable goods orders: $289.7 billion
- Previous month surge: +9.9%
- Analyst expectations: -2.8% decline
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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.