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Durable Goods Orders Rose 0.7% in June, Topping Expectations Amid Lagging Shipments

July 25, 2014 11:01 AM EDT

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.



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