The U.S. Commerce Department reported on Friday that the durable goods orders rose 0.4 percent m-o-m in August, following a revised 11.7 percent m-o-m jump in July (originally an 11.2 percent m-o-m surge).

Economists had forecast a 1.5 percent m-o-m gain.

According to the report, orders for durable goods excluding transportation also increased 0.4 percent m-o-m in August, following a revised 3.2 percent m-o-m advance in July (originally a gain of 2.4 percent m-o-m), missing economists’ forecast of 1.2 percent m-o-m rise.

Meanwhile, orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, increased 1.8 percent m-o-m in August after a revised 2.5 percent advance m-o-m in July (originally a 1.9 percent m-o-m gain). Economists had called for a 1.0 percent m-o-m advance in core capital goods orders in August.

Shipments of these core capital goods rose 1.5 percent m-o-m in August after a 2.4 percent m-o-m jump in the prior month.