Durable Orders decreased by 1.3% during August to $191.2 billion, against the expected 1.0% decline. This was the biggest decrease in durable-goods orders since August 2009, after a 0.7% increase in July, revised upwards from the originally reported 0.3% increase. Transportation equipment had the largest decrease, falling by 5.9% to $49.5 billion. Excluding transportation, orders increased 2%, the biggest such increase in five months. Inventories rose for the eight consecutive month, by 0.4% to $312.4 billion, after increasing 0.6% in July. Orders for capital goods excluding aircraft increased by 4.1% in August, following a decline of 5.3% in July.
New Home Sales for August are expected today at 10:00 AM EST to increase to a 295,000 annual pace, following a decrease of 12.4% in July to an annual pace of 276,000 homes with a median sales price of $204,000 and an average sales price of $235,300.
Upcoming Releases
New Home Sales (09/24 at 10:00 AM EST)
Consumer Confidence (09/28 at 10:00 AM EST)
Crude Inventories (09/29 at 10:30 AM EST)
Initial Claims (09/30 at 8:30 AM EST)
