U.S. Durable Goods Orders Flat in August Amid Better-Than-Expected Performance
New orders for U.S.-made durable goods remained unchanged at $338.6 billion in August, according to the U.S. Census Bureau data released on Friday. This flat growth was better than the expected decline of -0.3%, but marked a slowdown from July's revised increase of +0.9%. The core durable goods orders, which exclude transportation items like aircraft and automobiles, also showed no change month-over-month. The report suggests that demand for long-lasting manufactured products has stabilized in August after showing growth the previous month. While not signaling strong expansion, the data avoided a sharper drop than anticipated, offering some relief to markets concerned about further economic slowdowns.
Topics: economic_indicators manufacturing