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Manufactures’ Expenditures for Durable Goods

Durable Goods

According to Axios:

Demand for durable goods grew to a recent record in August, Axios’ Hope King writes. 

  • New orders reached $263.5 billion, the Commerce Department said on Monday, a 1.8% increase over July. Expectations were for 0.6% growth.

Driving the news: Demand for transportation equipment drove the growth. Meanwhile, defense aircraft and parts, as well as cars and car parts, were a drag on demand.