US durable goods orders rose 0.2% to USD 250.7B in August, way above expectation of -1.2% decline. That’s also the third straight month of increase. Ex-transport orders rose 0.5%, above expectation of 0.3%. Excluding defense, new orders decreased -0.6%.
Personal income rose 0.4% mom in August, matched expectations. But spending rose only 0.1% mom, below expectation of 0.3% mom. Headline PCE was unchanged at 1.4% yoy, above expectation of 1.3% yoy. Core PCE accelerated to 1.8% yoy, matched expectations.
