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US: Durables orders likely fell back 1.6% – TDS

Analysts at TD Securities suggest that US durable goods (along with advance trade data) will be watched closely as those will factor into the Q3 GDP release.

Key Quotes

“Durables orders likely fell back 1.6% on a correction in nondefense aircraft but details should be positive. IP figures point to solid gains in autos and ex-transportation orders, with the latter up 0.7%. We also expect a rebound in core capex orders (+1.0%).”

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