🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

U.S. durable goods unexpectedly drop in September, missing expectations

Published 10/27/2016, 08:32 AM
© Reuters.  U.S. durable goods orders slip in September, core orders rise 0.2%
EUR/USD
-
GBP/USD
-
USD/JPY
-
XAU/USD
-
DX
-
GC
-
ESZ24
-
CL
-
1YMZ24
-
NQZ24
-

Investing.com - U.S. orders for long lasting manufactured goods unexpectedly fell in September, though the core number matched forecasts with a slight advance, according to official data released on Thursday.

Total durable goods orders, which include transportation items, dropped 0.1% last month, the Commerce Department said, compared to economists' expectations for a gain of 0.1%.

August’s orders were revised up to show an increase of 0.3% from a previously reported 0.1% gain.

Durable goods are typically bulky or heavy manufactured products designed to last at least three years.

Core durable goods orders, which exclude volatile transportation items, rose 0.2% last month, in line with forecasts.

August's core durable goods orders showed a 0.1% advance, revised up from the initial 0.2% drop.

Durable goods excluding defense and aircrafts slumped 1.2% in September, compared to expectations for a 0.3% gain.

The previous month was revised up to a 1.2% rise from the prior 0.9% gain.

Durable orders excluding defense advanced 0.7% in September, compared to 0.7% decline (revised from a 0.8% decrease) a month earlier.

Immediately after the report, which was released simultaneously with weekly jobless claims, EUR/USD was trading at 1.0924 from around 1.0921 ahead of the publication; GBP/USD exchanged hands at 1.2233 compared to 1.2249 previously; while USD/JPY was at 104.70 from 104.70 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 98.58 compared to 98.56 ahead of the report.

Meanwhile, U.S. stock futures pointed to a slightly higher open. The Dow futures gained 33 points, or 0.18%, the S&P 500 futures rose 7 points, or 0.33%, while the Nasdaq 100 futures advanced 20 points, or 0.42%.

Elsewhere, in the commodities market, gold futures traded at $1,273.35 a troy ounce, compared to $1,269.95 ahead of the data, while crude oil traded at $49.27 a barrel from $49.33 earlier.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.