US Durable Goods Orders Rose 0.3% in June, Below 1.8% Estimate
Deep News
Yesterday
A panel of 43 economists had forecasted a range of -0.7% to 5.7% for the indicator.
Data released by the US Census Bureau showed that orders declined by 4% in May.
New orders excluding transportation increased by 0.6% in June, following a 1.8% rise in May.
New orders excluding defense climbed 0.3% in June, compared to a 4.3% drop in the prior month.
Core capital goods orders (excluding aircraft and defense) rose 0.9% in June, after a 1.9% gain in May.
Shipments of core capital goods (excluding aircraft and defense) advanced 1.9% in June, accelerating from a 0.2% increase in May.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.