Us Durable Goods Orders Unexpectedly Dropped In August

Announced by the US Department of Commerce in September 28th data The US durable goods orders unexpectedly dropped in August in the second months of three months, due to the poor economic environment and poor manufacturing performance.

Data show that US durable goods orders month rate fell 0.1% in August, is expected to be flat, the previous value has not been revised, still increased by 4.1%.

At the same time, the US monthly shipment rate of durable goods, which was deducted from transportation in August, dropped by 0.1%. The expected value was flat, the former value was revised up by 0.7%, the initial value increased by 0.8%; the monthly rate of durable goods orders minus the national defense decreased by 0.1%; the former value was not revised, rising by 4.8%; after deducting the non defense capital durable goods orders, the monthly rate rose 1.1%.

In the first half of this year, the US economic growth slowed sharply. government Deficit reduction measures have been adopted to improve financial sustainability. The once strong manufacturing sector has been falling along with the overall economy, while consumer confidence has also been in the doldrums.

Manufacturing, including general electric, continues to benefit from its exports to China, India and other emerging market countries, even though it faces a downward trend in domestic consumption. The increase in US business investment shows that companies are still concerned about the decline of the stock market, already worried about the European debt crisis, and actively seek opportunities for expansion.

Neil Dutta, an analyst at Bank of America, said, "despite the current situation," Finance The market turmoil is fierce, but enterprises are still willing to continue to invest. The risk is that the recent financial turmoil will hinder the development of business, but there are no signs of any effective solution to the current crisis. "