August’s 1.3% drop in durable goods orders looks bad. But the real story is that the more-telling component that excludes volatile transportation orders rose 2%, doubling a Bloomberg survey’s consensus estimate. So far, Wall Street is reacting ecstatically.
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A Strong Surprise for August Durable Goods Orders originally appeared on DailyFinance on Fri, 24 Sep 2010 10:30:00.
Filed Under: Economy