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Durable-goods orders rise softer-than-expected 1% in June


Thursday, 26 July 2018 19:49 WIB

Ekonomi ASPesanan Barang ASU.S. Durable Goods


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Durable-goods orders rose 1% in June, the first increase in three months.

However, the gain was below expectations. Economists surveyed by MarketWatch had forecast a 3.8% gain in orders for durable goods — products made to last at least three years.

Orders minus transportation rose 0.4%, the government said. Excluding defense, orders rose 1.5%.

Orders for autos rose 4.4% in June, reversing a 4.5% drop in the prior month.

Outside of transportation, orders for most durable goods rose except defense, where orders fell 11.6%, the biggest drop since March. Orders for primary metals also fell 0.4%.

Orders for nondefense capital goods, excluding aircraft, a key metric for economists, rose 0.6% after a 0.7% gain in May. Shipments of these goods rose 1%.

Source: marketwatch


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