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U.S.: Orders Plunge in August, Details Less Discouraging

Discussion in 'Fundamental Analysis' started by ActionForex.com, Sep 25, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    U.S. durable goods orders declined by a worse than expected 2.4% M/M in August, following the 4.8% M/M gain the month before. This was below the market consensus for a 0.4% M/M gain and our own more optimistic call for a 1.5% M/M rise. Excluding transportation, orders were flat, while...

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