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US durable goods orders edge up in August

US durable goods orders edge up in August

Mubasher: Demand for the US long-lasting manufactured goods posted a growth in August, the US Census Bureau’s data showed on Friday.

The volume of durable goods orders rose by by 0.2% to $250.7 billion last August, after a revised surge of 2% in July, the US Census Bureau said.

If vehicles and aircraft are excluded, the figures would show that orders rose by 0.5% last month.

Shipments of manufactured durable goods went up by 0.3% to $254.2 billion last August.

Unfilled orders for durable goods grew by 0.7% to $1.162 trillion, according to the data.

By 12:45 pm GMT, the EUR/USD pair rose by 0.23% to $1.0946.