U.S. Durable Goods Orders: A Closer Look
In a recent announcement by the U.S. Census Bureau, August saw a promising uptick in new orders for manufactured durable goods. With an increase for five out of the past six months, the latest figures displayed a growth of $0.5 billion, or 0.2 percent, culminating in a sum of $284.7 billion. This advancement emerges after July’s notable 5.6 percent decline.
Transportation’s Impact
When we take transportation out of the equation, the rise in new orders is slightly more pronounced at 0.4 percent. This factor shines a spotlight on the transportation sector’s influence on the broader durable goods market, emphasizing its role in the economic landscape.
Defense and Its Role
On the other hand, if we exclude defense-related orders, the picture appears a tad less rosy. New orders,…
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