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Free AccessDurable Goods New Orders Seen.......>
US DATA PREVIEW: Durable Goods New Orders Seen -0.7%; Ex-Transport -0.2%
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-Sept. orders expected -0.7% (Bloomberg median) after +0.2% in Aug. Would be
first decline in four months.
-GM-UAW strike beginning Sept. 15 caused production to fall and ISM Mfg Index
contracted again in Sept. to 47.8 from 49.1 in Aug. Rising Boeing orders (25
Sept. vs 6 Aug.) may offset some of the drag on headline new orders.
-Sept. ex-transport orders expected -0.2% (Bloomberg median) from +0.5% in Aug.
as other sectors feel effects of ongoing GM strike. Would be 2nd decline in 3
months.
-Continued trade policy uncertainty and declining mfg output and investment
should keep Sept. new orders low.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.