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![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)](https://www.peoplespunditdaily.com/wp-content/uploads/2020/07/AdobeStock_177703192-Durable-Goods-Manufacturing-Trains-Wagon-Rail-Plant-1200x675-1-1024x576.jpeg)
The U.S. Census Bureau reported new orders for manufactured durable goods gained 7.3%, or $14 billion to $206.9 billion in June. That’s the second straight month of strong data beating the consensus forecast.
Forecasts for new orders ranged from a low of 2.0% to a high of 12.0%. The consensus forecast was 6.5%, a still solid but less gain than the figure for June.
Excluding transportation, new orders for durable goods rose 3.3%. Forecasts ranged from a low of 2.0% to a high of 4.0%. The consensus forecast was 3.5%.
Excluding defense, new orders gained 9.2%. Transportation equipment, also up for the second consecutive month, led the gain, increasing $9.2 billion or 20.0% to $55.3 billion.