Transportation Equipment Spurs 1.8%% Gain in Durable Goods
9/27 8:30 AM
Transportation Equipment Spurs 1.8% Gain in Durable Goods
WASHINGTON, D.C. (DTN) -- Following an upwardly revised 0.5% increase in the
previous month, U.S. durable goods orders advanced 1.8% in August, led by an
increase in new orders for transportation equipment and aircrafts, up for the
third consecutive month, according to data published this morning by the U.S.
Census Bureau. The fresh reading came well above expectations for a 0.6%
Further details of the report show unfilled orders for manufactured durable
goods up a seven consecutive month in August, increasing $11.8 billion or 1%
last month to $1,239.3 billion. The August advance followed a 0.5% July
increase. Transportation equipment, up six of the last seven months, led the
increase, gaining $7.3 billion or 0.9% to $820.8 billion.
Inventories of manufactured durable goods in August, up seven consecutive
months, increased $3.4 billion or 0.8% to $457.9 billion. Transportation
equipment also drove this gain, up $1.3 billion or 0.8% to $153.4 billion in
August for the seven consecutive monthly increase.
Following the data's release, U.S. dollar index edged slightly higher to
trade near 93.350 against a basket of foreign currencies, and the front-month
West Texas Intermediate futures surged $1.45 to trade near $75.41 bbl.
Liubov Georges, 1.646.359.4088, email@example.com, http://www.dtn.com.
(c) Copyright 2021 DTN, LLC. All rights reserved.