The U.S. published its durable goods orders data just a moment ago. Following last month’s solid figures, this time the release came in below expectations. The exact figures were as follows:
-
Core durable goods orders in August: 0.4% MoM (vs expected: 1.2%)
-
Durable goods orders in August: 0.4% MoM (vs expected: 1.5%)
Still, one should notice that last month's data was revised even higher - core durable goods orders rose 3.2% in July (revised from 2.6%) while durable goods orders advanced 11.7% (instead of 11.4%).
Strong US macro data 🗽 Industrial production and prices rise
Chart of the Day: NATGAS - Are there chances for a seasonal rebound amid warm weather?
Economic Calendar - Final Eurozone CPI Inflation, US Manufacturing, and Regional Bank Earnings
Morning Briefing: Warsh's silence on interest rates. AI debt fears cooled sentiment, but a rebound is visible