Investing.com – U.S. durable goods orders fell in line with expectations in August, official data showed on Friday.
In a report, the Census Bureau said that overall durable goods orders fell by a seasonally adjusted 1.3% in August, in line with expectations, after rising by 0.7% in July, whose figure was revised up from 0.3%.
Core durable goods orders, which exclude orders from the volatile transport sector, rose by a seasonally adjusted 2.0% in August, after falling by 2.8% in July, whose figure was revised down from a fall of 3.8%.
Analysts had expected core durable goods orders to rise by 0.7% in August.
The report said that durable goods inventories rose 0.4% in August after rising 0.6% in July. Shipments, which go into the calculation of gross domestic product, declined 1.5% in August, while unfilled orders dropped for a second consecutive month.
In a report, the Census Bureau said that overall durable goods orders fell by a seasonally adjusted 1.3% in August, in line with expectations, after rising by 0.7% in July, whose figure was revised up from 0.3%.
Core durable goods orders, which exclude orders from the volatile transport sector, rose by a seasonally adjusted 2.0% in August, after falling by 2.8% in July, whose figure was revised down from a fall of 3.8%.
Analysts had expected core durable goods orders to rise by 0.7% in August.
The report said that durable goods inventories rose 0.4% in August after rising 0.6% in July. Shipments, which go into the calculation of gross domestic product, declined 1.5% in August, while unfilled orders dropped for a second consecutive month.