U.S. Core Capital Goods Orders Unexpectedly Fall; Shipments Rise Moderately
- New orders for durable goods fell 9.3 percent in June, according to the Commerce Department.
- Orders for nondefense aircraft dropped 51.8 percent, reversing gains from May, following President Donald Trump's trade mission to the Middle East.
- Excluding transportation, new orders rose 0.2 percent in June, slightly better than analysts had expected.
- Core capital goods orders have increased at an annualized rate of roughly 10 percent over the past three months.
19 Articles
19 Articles
Durable Goods Orders Slide on Aircraft Reversal
New orders for long-lasting manufactured goods fell sharply in June, dragged down by a steep drop in aircraft demand that reversed a spike the previous month. But orders outside the volatile transportation sector rose for a third straight month, signaling The post Durable Goods Orders Slide on Aircraft Reversal appeared first on Breitbart.
Durable Goods Orders Fall 9.3 Percent as Aircraft Bookings Plunge
Orders for long-lasting U.S.-manufactured goods fell in June, dragged lower by a sharp drop in commercial aircraft bookings that erased the prior month’s surge, while broader measures of business investment remained relatively stable. The Department of Commerce said on July 25 that durable goods orders fell by 9.3 percent last month after a revised 16.5 percent jump in May. Excluding defense, orders were down 9.4 percent. Transportation equipmen…
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