U.S. Orders Of Durable Goods Rise By 1% During June
(Kitco News) - Orders for durable goods in the U.S. rose by 1% to $251.9 billion during June, the Commerce Department reported Thursday. This fell short of forecasts.
Consensus expectations compiled by various news organizations called for durables to be up by somewhere between 3.2% and 3.7%.
Excluding transportation, new orders increased 0.4%, while new orders minus defense rose 1.5%. Transportation equipment led the overall increase, rising by 2.2%, the government said.
Shipments of manufactured durable goods in June increased by 1.7% to $251.6 billion.
The government’s durables report covers items with an expected life of at least three years, such as kitchen appliances, computers, furniture, autos and airplanes.