Overview

• Core capital goods orders, excluding aircraft, rose by 0.2% in August after a revised 0.2% drop in July.
• Economists had predicted no change in core capital goods orders for August.
• The Federal Reserve recently cut its benchmark interest rate for the first time since 2020, aiming to boost business investment.
• Orders for durable goods remained flat in August, following a significant 9.9% increase in July.
• Uncertainty surrounding the upcoming presidential election has led to a slowdown in manufacturing sector investments.