High orders for capital and durable goods in America


New orders for basic US-made capital goods increased more than expected in August, and the previous month’s demand was stronger than previous estimates, indicating a stable recovery.
On Friday, the US Commerce Department said that non-defense capital goods orders, excluding aircraft, which are a closely watched indicator of corporate spending plans, increased 1.8% last month. Data for July was revised upward to show that orders for so-called basic capital goods increased by 2.5% instead of 1.9% in previous estimates. Economists in a Reuters poll had expected these orders to rise 0.5% in August.
Also, durable goods orders in the US rose over the past month, but less than analysts ’expectations, amid declining demand for cars and auto parts and slowing demand for basic commodities.
According to US Commerce Department data, durable goods orders rose 0.4% in August on a monthly basis, after rising 11.7% in July, while expectations indicated that they would rise 1.1%, while basic durable goods orders – which exclude transportation – rose 0.4% during the month. The past, a level below expectations of a 1% increase, compared to a 3.2% rise in July.
Orders for non-military capital goods rose 7.8% in August, while demand for cars and their spare parts decreased by 4%, and demand for military aircraft fell 6.4% after it jumped by 75.3% in July.


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