New orders for manufactured durable goods increased $4.9 billion in June, or 2.0% to $246.0 billion. The increase comes after two consecutive months of declines.
Indicator | Prior | Revised | Consensus Forecast | Forecast Range | Result |
New Orders – M/M ∆ | -1.3 % | -2.3 % | 0.5 % | -1.5 % to 1.8 % | 2.0 % |
Ex-transportation – M/M ∆ | 0.3 % | 0.5 % | 0.2 % | -0.3 % to 0.5 % | 1.2 % |
Core capital goods – M/M ∆ | 0.4 % | 0.3 % | 0.2 % | 0.0 % to 0.3 % | 1.9 % |
Excluding transportation, new orders rose 1.2%. Excluding defense, new orders gained a more solid 3.1%. Transportation equipment, which is also up after two consecutive monthly declines, led the gain, rising $3.0 billion or 3.8% to $80.5 billion.
Non-defense new orders for capital goods rose $3.3 billion, or 4.8% to $72.1 billion in June.