Durable goods orders fall less than expected in the US

Durable goods orders fall less than expected in the US
Durable goods orders fall less than expected in the US

© Reuters. Durable goods orders fall less than expected in the US

Arabictrader.com – According to data released by the US Census Bureau on Wednesday during last September, durable goods orders recorded a less-than-expected decline after declining 0.4% during the month of September, while expectations indicated a decline in the index by 1.1%, which is Less than the previous reading, which showed an increase in durable goods by 1.8% during the month of August.

On the other hand, the durable goods orders index was at its core value, which recorded a growth of 0.4%, which is the same as expectations of a growth of 0.4%. The previous reading of the index had recorded an increase of 0.2% last August and was revised to 0.3%.

It is noteworthy that this indicator measures the change in the total value of new purchase orders in coordination with manufacturers on a monthly basis. If the data comes out better than expected, it will have a positive effect on the US dollar, and vice versa.

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Durable goods orders fall expected

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