Orders for durable goods – an important gauge of business spending in the US – fell by 1.2% month-on-month in September, slightly above estimates of a 1.5% drop. This follows a downwardly revised figure of -3.0% in August. Excluding transport equipment, durable goods orders fell by a smaller 0.4%, though this was sharply below forecasts that it would stay unchanged. The core rate was also subject to a downward revision for August, which was lowered to -0.9% from 0.0%. Another [..]
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