(CercleFinance.com) – Orders for durable goods increased more than expected in September in the United States, after two consecutive months of decline, reflecting the dynamism of business spending.
These orders rebounded 4.7% last month, after a decline of 0.1% in August and a fall of 5.6% in July, the Commerce Department announced Thursday.
Economists on average forecast an increase of 1.5%, after the 0.1% increase announced in the first estimate.
Orders for durable goods excluding aeronautics, considered a good indicator of companies’ investment plans, increased by 0.5%, against a consensus of 0.3%.
Copyright © 2023 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
