New Orders for Durable Goods dipped a slight 0.1% in August. That was slightly below the consensus expectations of an increase of 0.1%. The July numbers were revised slightly upwards. It was first reported as an increase of 4.0%, but now they say new orders rose 4.1%.
Given the volatile nature of the Durable Good series, the miss and the offsetting upward revision are just about irrelevant. The drop from last month is a bit more significant, but only a bit. While this is an important economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards