US Durable Goods Fall in August

Orders for long-lasting U.S. manufactured goods dropped in August with weakness in a key category that tracks business investment plans.

The Commerce Department says that orders for durable goods fell 2 percent in August compared to July when orders had risen by 1.9 percent. A key category that serves as a proxy for business investment edged down 0.2 percent last month after gains of 2.1 percent in July and 1.5 percent in June.

The underlying demand for manufactured goods has been weaker this year as a strong dollar and China’s economic slowdown have dragged down demand for American exports and big declines in oil prices have resulted in cutbacks in investment by energy companies.

via CNBC

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza