9/25, 2:32 PM (Source: TeleTrader)
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US durable goods orders rise 0.4% in August

New orders for manufactured durable goods in the United States in August rose 0.4% compared to the previous month, according to a report by the US Census Bureau released on Friday.

Excluding transportation, new orders increased by 0.4% compared to the month before, while excluding defense, they went up by 0.7%. Transportation equipment orders drove the decrease, $1.4 billion or 1.7% to $81.6 billion.

The shipments of manufactured durable goods were down following three consecutive monthly increases, by $0.7 billion or 0.3% to $244.1 billion.

Breaking the News / TF