Durable Goods Orders Disappoint Estimates to Post 0.8% Growth in June

Source: Census Bureau 

New orders of durable goods in the US rose by 0.8% in June to $257.6 billion, a slower growth compared to 3.2% in May, and below expected 2.1% jump.

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• New orders rose by 0.3%, excluding transportation, and 1.0% without defense.
• Transportation equipment, rose for the second month, with a gain of 2.1% to $77.5 billion
• Shipments of durable goods rose for the third time in four months, after a 1.0% surge to $250.7 billion.
• Unfilled orders surged for the fifth consecutive month at 0.9% to reach $1,223 billion.
• Inventories of durable goods were up for the fifth consecutive month, after jumping by 0.9% to $450.5 billion.
• Capital goods orders for non-defense items rose by 3.1% to $88.9 billion.