U.S.: Orders Plunge in August, Details Less Discouraging
U.S. durable goods orders declined by a worse than expected 2.4% M/M in August, following the 4.8% M/M gain the month before. This was below the market consensus for a 0.4% M/M gain and our own more optimistic call for a 1.5% M/M rise. Excluding transportation, orders were flat, while…
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