US August durable goods orders +0.2% vs -0.5% expected

<ul><li><a href="https://www.forexlive.com/news/us-july-durable-goods-orders-52-vs-40-expected-20230824/" target="_blank" rel="follow">Prior </a>was -5.2%</li><li>Non-defense capital goods orders ex-air +0.9% vs 0.0% expected</li><li>Prior non-defense capital goods orders ex-air +0.1% (revised to -0.4%)</li><li>Ex transport -0.7% vs +0.1% expected</li><li>Ex defense -0.7% vs -5.5% prior</li><li>Shipments +0.7%</li></ul><p>The core orders number is a good one but the +0.9% reading is a bit of an illusion because of the 0.5 pp revision lower last month. Still, even if we strip that out, it's well-above the consensus and adds to the evidence that the manufacturing recession is coming to an end.</p>

This article was written by Adam Button at www.forexlive.com.