scorecard
  1. Home
  2. stock market
  3. Here come durable goods ...

Here come durable goods ...

Akin Oyedele   

Here come durable goods ...
Stock Market2 min read

boeing factory plane

Stephen Brashear/Getty

The Department of Commerce will release its advance report on durable goods orders during August at 8:30 a.m. ET.

Economists forecast that orders for things designed to last for long fell 1.5% during the month, according to Bloomberg. Orders excluding the volatile transportation category are estimated to drop 0.5%.

Orders for capital goods for nondefense items excluding aircraft, or so-called core durable goods, are estimated to drop 0.1%. Shipments in this category are forecast at 0.1%.

With the exception of shipments, these estimates reflect the expectation for a drop in durable goods production in August, although the prior month's data are subject to revision.

After a strong July, with durable goods orders up 4.4%, there's some expected pullback.

Additionally, the headline change in orders could be dragged down by the transportation category. Recent data from Boeing showed that its orders trended downwards in the last few months. Also, August is not seasonally a big month for aircraft orders.

More to come ...

NOW WATCH: KRUGMAN: Obamacare was done 'on the cheap' and now it is struggling

READ MORE ARTICLES ON


Advertisement

Advertisement