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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

July Durable Goods Orders Rise More Than Expected

Orders for durable goods -- big-ticket items bought by businesses and consumers, from aircraft and refrigerators -- rose 4.9 percent in July, beating forecasts. It's the biggest rise since July 2007.

The figures were goosed by vehicles purchased under the government-subsidized cash-for-clunkers program, the Commerce Department said.

Forecasters expected a 3 percent gain in orders in July.

If you remove autos, orders for durable goods rose .8 percent, slightly less than expectations.

-- Frank Ahrens
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By Frank Ahrens  |  August 26, 2009; 8:46 AM ET
Categories:  The Ticker  | Tags: durable goods  
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Comments

What a July. A flat August and a falling September ahead. I happen to have great expectation. Maybe too great. I'm outta here. Take it EZ.

Posted by: Dermitt | August 26, 2009 9:44 AM | Report abuse

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