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Durable Goods, Factory Orders Rebound From July Tumble, But…

Courtesy of ZeroHedge. View original post here.

US manufacturers saw factory orders rebound from their 3.3% plunge in July with a 1.2% rise in August (better than the 1% expectation), but still remains down 2.2% across the two months – the biggest consecutive drop since June 2016.

Additionally, final Durable Goods data for August also saw a modest increase from preliminary and July data but as the chart shows we have gone nowhere for 5 years and still remain below the 2007 peak…

And all of this was before the storms struck!


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