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Essentials Daily Insights

Durable Goods Orders’ Rebound Hides Weaker Dynamics

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Preliminary estimates suggest that US durable goods orders growth rebounded sharply from a 6.9% m/m contraction to 9.9% growth in July, upending expectations of a more muted 5.0% monthly increase. However, a 34.8% m/m rise in transportation equipment orders…

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