US core capital goods orders likely to post modest increase – Danske Bank

US core capital goods orders are due for release and consensus is for another modest increase, according to analysts at Danske Bank.

Key Quotes

“Over the past months, the figure has disappointed, implying that fixed investments growth did not look like a strong contributor to GDP growth in Q2. As private consumption is also growing at a slower pace than anticipated, this paints a more modest picture for GDP growth than we had expected.”