U.S. durable goods data shows a trend toward weakness in August, as orders fell 4.5% in the month, more than expected.
Excluding transportation, orders dropped 3.0%, while decreasing 5.0% when military orders were excluded.
Thomson Reuters’ poll of economists projected a 1.6% decline in orders and a 0.5% drop, excluding transportation.
The July durable goods orders numbers were revised to a 0.8% rise, originally reported as a 1.3% jump; excluding transportation, they orders 0.1% in the month.
Meanwhile, inventories levels rose 0.7% after a 0.9% increase in July; excluding transportation, they rose 0.7%.
