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US: Durable Goods Orders decline by 0.1% in July vs. -0.3% expected
Durable Goods Orders in the United States declined 0.1%, or $0.4 billion, to $257.2 billion in July, the data published by the US Census Bureau revealed on Wednesday. This reading came in slightly better than the market expectation for a decrease of 0.3% and followed June's 0.8% expansion. "Excluding transportation, new orders increased 0.7%," the publication further read. "Excluding defense, new orders decreased 1.2%. Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $1.7 billion or 2.2% to $75.3 billion."This report received little to no reaction from ... (full story)