Durable goods orders are out at the bottom of the hour
Without a doubt, the most disappointing US economic indicator over the past 12 months has been durable goods orders.
As usual, the capital goods orders nondefense ex-aircraft component is the main component to watch. It's expected to grow 0.3% m/m, building on a 0.7% rise in July.
However, the overall level of orders still remains far below where it was a year ago.
