U.S. Durable Goods Orders Unexpectedly Rebound 0.2% In August

After reporting a sharp pullback in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Wednesday unexpectedly showing a modest rebound in durable goods orders in the month of August.

The Commerce Department said durable goods orders crept up by 0.2 percent in August after plunging by a revised 5.6 percent in July.

by RTTNews Staff Writer

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