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.

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.