Durable Goods Orders
| Date |
Release |
Period |
Prev |
Exp |
Act |
Comment |
| 8/25 |
Durable Goods Orders |
Jul |
-0.1% r |
3.0% |
0.3% |
Orders increase less than forecast as manufacturing cools |
Orders for durable goods increased less than forecast in July, rising just 0.3% compared to expectations of a 3.0% increase and a revised 0.1% decline in June (first reported as a 1.0% decrease). Orders excluding transportation equipment plummeted 3.8% after climbing an upwardly revised 0.2% in the previous month (first reported as a 0.6% decrease). Orders ex-transportation had been expected to increase 0.5%. Orders for non-defense capital goods excluding aircraft, a proxy for future business investment, dropped 0.8% in July after jumping 3.6% in June. Shipments of such orders fell 1.5% after a 1.0% increase in June.
Summary: Durable goods orders increased by far less than forecast in July signaling that the recovery in the manufacturing sector is cooling.
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