by Wed, 25 Aug 2010 14:42:00 +0200
US Durable Goods Orders fail to materialize improvement
FXstreet.com (Barcelona) - The report released by the Census Bureau assessing the purchase of goods requiring higher investments was set to have a significant improvement over previous but largely failed.
Durable Goods Orders including all industries rose to 0.3% from an upwardly revised -0.1%, missing big at the market forecast of an upsurge to 3.0%.
If the Durable Goods Orders are stripped of the transportation industry purchases the indicator goes on a free fall from -0.6% to -3.8%, disregarding the expectations of a medicinal 0.5%.
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