US durable goods orders rise slightly in August

26/09/2024 Argaam

New orders for manufactured durable goods in August rose slightly in August, increasing $100 million to $289.7 billion in August, the US Census Bureau reported.

 

This followed a 9.9% rise in July and a 6.9% decline in June, which reflects the recent recovery of the US factories.

 

Excluding transportation, new orders increased by 0.5%. However, with the exclusion of defense, new orders decreased 0.2%.

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