U.S. Durable Goods Orders Fell 1.3% In August

September 24th, 2010 by Belisarius

(For August 2010)

Durable good orders fell -1.3% in August vs. -1.0% consensus and +0.7% decrease in July (revised upwards from +0.3%).

Chart 1. U.S. Durable Goods Orders

Source: U.S. Census Bureau

Transportation taken out the figure was a increase of 2.0% vs. -2.8% fall in July (revised upwards from -3.8%). The consensus was at +1.0%.

Chart 2. U.S. Durable Goods Orders Ex. Transportation

Source: U.S. Census Bureau

In my view this is a weak report, but the market is focusing on ex. transportation figure.

This entry was posted on Friday, September 24th, 2010 at 7:02 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “U.S. Durable Goods Orders Fell 1.3% In August”

  1. Kova Says:
    September 24th, 2010 at 7:24 am

    And where did the markets find reason for such joy in this data?

  2. Belisarius Says:
    September 24th, 2010 at 7:42 am

    Apparently the collapse in non-defense capital goods orders doesn’t matter…

 
Get Adobe Flash player