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Durable Goods Orders Bounce Back in June, Quadrupling Forecast

Manufacture of rails for trains and freight wagon, boxcars. Rail manufacturing plant. Stack of steel round bar – iron metal rail lines material for industry construction in warehouse. (Photo: AdobeStock)

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.

IndicatorPriorRevisedConsensus ForecastForecast RangeResult
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.

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PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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