Durable goods orders up 1.7% in August; ex-transportation up 0.2%
U.S. durable goods orders climbed 1.7% in August, while excluding transportation orders were up 0.2%, the Commerce Department reported Thursday.
Economists polled by Thomson Reuters expected a 1.0% increase in orders and a 0.2% rise excluding transportation.
In July, orders fell an unrevised 6.8%, while excluding transportation sales rose 0.8%.
Excluding defense orders grew 2.2% in August after a 7.9% decrease in July.