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US orders for durable goods rise a marginal 0.4% in August

US orders for durable goods rise a marginal 0.4% in August

US orders for durable goods rose 0.4% in August, a slight increase after three straight strong gains. This has left many disappointed as economists had predicted a 1.5% rise. However, Oren Klachkin of Oxford Economics said the 0.4% rise signals the boost from re-openings and fiscal aid has faded. It is now more closely aligned with the soft pace of underlying economic activity hit by the pandemic.

Timothy
Timothy
TexasReb
TexasReb 4 weeks

It's a win. During the biggest modern day pandemic the economy continues to rise even without new massive stimulous.

is it 2021 yet?
is it 2021 yet? 4 weeks

Yeaaaaaah! Plus “trump” has added 10 million jobs after the pandemic hit.....nevermind we lost @ 22 million!

Seekster
Seekster 3 weeks

Its progress but truthfully yhe economy will not be able to fully recover without a vaccine to calm people's fears.

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