US durable goods orders declined in September

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The US durable goods orders declined in September as corporate America had little reason to expand due to weak global demand.

    Demand for all durable goods fell 1.2%. The previous figure was revised lower to 2.3%. The demand for or non-military capital goods excluding aircraft dropped 0.3% after a downwardly revised 1.6% in August.

    Shipments of non-defense capital goods excluding aircraft, which is used to calculate gross domestic product, rose 0.5% after a 0.8% drop in August.

    The report is alarmingly weak given the sharp downward revision of the previous month’s figure. The 10-yr US treasury yield now trades more than two basis points lower on the day at 2.032%.
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