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HomeNewsDurable Goods Orders in the U.S. Surge by 9.9% in July

Durable Goods Orders in the U.S. Surge by 9.9% in July

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  • Durable goods orders in the U.S. rose by 9.9% in July, far exceeding expectations.
  • A significant increase in transportation equipment orders was the main driver of this recovery.
  • Non-defense capital goods orders, excluding aircraft, which indicate business investment, surprisingly fell by 0.1%.

Washington, August 27 (FinanceFlashNews.com)Durable goods orders in the U.S. surged by 9.9% in July, marking a strong rebound after a 6.9% decline in June, according to the U.S. Department of Commerce. Economists had initially forecasted a more modest increase of 4%.

The primary factor behind this surge was a sharp rise in transportation equipment orders, which jumped by 34.8% in July following a 20.6% decline in the previous month. However, excluding transportation equipment, durable goods orders fell by 0.2% after a slight increase of 0.1% in June.

Orders for non-defense capital goods excluding aircraft, a key indicator of business investment, decreased by 0.1% last month, following a 0.5% increase in June. Economists had anticipated no change, but the data revealed a slight decline.

Table: U.S. Durable Goods Orders Trends

MonthDurable Goods Orders (%)Transportation Equipment Orders (%)Orders Excluding Transportation Equipment (%)
June-6.9-20.60.1
July9.934.8-0.2

Keywords: durable goods orders, U.S. economy, transportation equipment, business investment, U.S. Department of Commerce

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