US: Durable Good Orders (Aug) dropped 18.2%

FXStreet (Edinburgh) - The Commerce Department has informed that orders for US long-lasting goods have decreased 18.2% MoM during August vs. forecasts for a 18% decline and July’s 22.5% gain (revised). Excluding the Transportation sector, orders rose 0.7%, matching estimates and reverting the previous 0.7% drop.