s/cathiedwoodDURABLE GOODS•4d
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Business-equipment orders jumped 1.6% despite a 0.6% forecast
Business equipment demand held up in August even as economists expected durable-goods orders to fall. Total orders were unchanged, while orders excluding transportation rose 0.3%, keeping core durable-goods orders on a 17-month winning streak.
The stronger signal came from nondefense capital-goods orders excluding aircraft, a closely watched measure of business investment. They jumped 1.6% against a 0.6% forecast, though higher prices in metals-related components are clouding how much of that gain reflects real production.
The stronger signal came from nondefense capital-goods orders excluding aircraft, a closely watched measure of business investment. They jumped 1.6% against a 0.6% forecast, though higher prices in metals-related components are clouding how much of that gain reflects real production.
Timeline2
4d
August U.S. durable-goods orders were reported unchanged month over month, beating the 0.4% decline expected.
4d
Core durable-goods orders were reported to have risen for the 17th consecutive month.
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4d