Durable Goods Orders Rose 0.7% in June, Topping Expectations Amid Lagging Shipments
Durable goods orders rose 0.7 percent to $239.9 billion in June, topping expectations of a 0.5 percent gain.
The U.S. Census Bureau reported that it was the fourth of the last five months for an increase in the reading.
Excluding transportation, new orders increased 0.8 percent, versus a 0.5 percent increase expected by economists.
Shipments of manufactured durable goods in June, up four of the last five months, increased $0.3 billion or 0.1 percent to $238.2 billion. This followed a 0.1 percent May decrease.
Inventories of manufactured durable goods in June, up fourteen of the last fifteen months, increased $1.6 billion or 0.4 percent to $399.7 billion. This was at the highest level since the series was first published on a NAICS basis and followed a 1.0 percent May increase.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Natural Gas Inventory -9 bcf vs -3 bcf Expected
- Business Inventories (Jan) 0.0% vs 0.2% Expected
- Asia FX falls, dollar at over 1-week high as hot inflation feeds Fed jitters
Create E-mail Alert Related Categories
ETFs, Economic Data, ForexRelated Entities
Durable Goods OrdersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!