WASHINGTON — U.S. August durables orders data came in soft, as anticipated, but with opposite effects than expected as underlying orders declined for a second month. This suggests manufacturing outside of autos will remain somewhat weak.

August durables orders posted a 0.1% increase, but were down 0.1% excluding transportation in a second drop. Ex-defense orders were up 0.5% in a rebound, but the winding down of military actions should reduce spending in this area ahead.

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