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.
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