US durable goods demand steadiness
The demand for durable manufactured goods in the United States remained unexpectedly stable in August, despite forecasts suggesting a decline of 0.4%. This came despite a decrease in demand for transportation equipment, as orders in other sectors, including basic metals, machinery, and household appliances, increased. Additionally, demand for non-military capital goods, excluding aircraft, rose by 0.6%, a key indicator of business spending, following a 1.4% increase in July.
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