“U.S. durable-goods orders leap 11.2% in July on strong demand for cars and trucks”
August 26, 2020
“Orders for durable goods lasting at least three years surged 11.2% in July largely because of strong consumer demand for new cars and trucks, but business spending outside the auto industry was softer and investment grew more slowly.
The increase in orders last month — the third in a row — easily topped the 4.8% forecast of economists surveyed by MarketWatch… What happened: Orders for new cars and trucks jumped 22% last month after a nearly 24% gain in June…”