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Durable Goods Orders

All articles tagged with #durable goods orders

economy2 years ago•4 min saved

US Economy Surges in Q3 Despite Interest Rates and Inflation Concerns

The US economy exceeded expectations in the third quarter of 2023, with real GDP growing at an annual rate of 4.9%, the highest since Q4 2021. Consumer spending rose 4%, led by housing, healthcare, and financial services. Durable goods orders also surged by 4.7% in September. However, there are concerns about the sustainability of this growth, as personal savings decreased and there are potential risks ahead, including a government shutdown and student loan payments resuming. The US Dollar remains supported, while gold experienced a pullback but continues to be underpinned by safe-haven appeal.

via DailyFX|

#consumer-spending #durable-goods-orders #economic-growth

economy2 years ago•1 min saved

"Durable-goods orders show consistent growth, excluding Boeing's impact"

Durable-goods orders in the U.S. rose for the third consecutive month in July, indicating a potential stabilization in the struggling industrial sector. However, when excluding transportation, which includes volatile Boeing orders, durable-goods orders increased by 0.5%. The headline orders, including transportation, dropped by 5.2% due to the fluctuating Boeing orders. Core orders, a measure of broader business investment, edged up 0.1% in July. Business investment has weakened, and companies are becoming more cautious due to rising interest rates. The true condition of the industrial side of the economy may become clearer once interest rates stabilize.

via MarketWatch|

#boeing #business-investment #durable-goods-orders

economy2 years ago•2 min saved

US Durable Goods Orders Surpass Expectations with 3.2% Rise in March

Durable Goods Orders in the US rose by 3.2% in March to $276.4 billion, surpassing the market expectation for an increase of 0.8%. Transportation equipment led the increase, rising by $8.1 billion or 9.1% to $97.4 billion. The US Dollar Index remained under pressure despite the upbeat data, losing 0.5% on the day at 101.35.

via FXStreet|

#durable-goods-orders #economy #march