Durable Goods Orders Released On 9/25/2013 8:30:00 AM For Aug, 2013 Prior Prior Revised Consensus Consensus Range Actual New Orders - M/M change -7.3 % -8.1 % -0.5 % -4.5 % to 3.6 % 0.1 % Ex-transportation - M/M -0.6 % -0.5 % 1.0 % -0.2 % to 2.5 % -0.1 % Highlights August durables order beat expectations but July was revised down notably. New factory orders for durables in August edged up 0.1 percent after dropping a huge 8.1 percent in July. The July estimate originally was down a monthly 7.4 percent. Market expectations for August were for a 0.5 percent decline. The transportation component rose 0.7 percent after a monthly 21.9 percent plunge in July. The transportation rebound came from motor vehicles. Excluding transportation, durables orders slipped 0.1 percent, following a decrease of 0.5 percent in July. Analysts projected a 1.0. percent boost for the latest month.
Manufacturing in August was soft outside of autos.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.