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ECON: Manufacturing Orders Buoyed by Automotive Sector
Posted to: Micro News
Wednesday, September 25, 2013 8:46 AM
- Durable Goods Orders +0.1 vs +0.0 Forecast
- Last month's report revised to -8.1 from -7.4
- Excluding auto sector, orders -0.1 vs +1.0 forecast
- In other words, economists had been expecting orders for manufactured goods to increase by 1 pct when the transportation sector was excluded, but orders instead declined slightly, making the report more mixed than positive.
From the Census Bureau:
"New orders for manufactured durable goods in August
increased [forwardfullbody].3 billion or 0.1 percent to $224.9 billion,
the U.S. Census Bureau announced today. This increase,
up four of the last five months, followed an 8.1 percent
July decrease. Excluding transportation, new orders
decreased 0.1 percent. Excluding defense, new orders
increased 0.5 percent.
Transportation equipment, also up four of the last five
months, drove the increase, [forwardfullbody].5 billion or 0.7 percent to
$67.9 billion. This was driven by Motor vehicles and
parts, which increased $1.1 billion."
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