-
US: Durable Goods Orders jump 4.7% in June vs. 1% expected
Durable Goods Orders in the US increased 4.7%, or $13.6 billion, in June to $302.5 billion, the US Census Bureau reported on Thursday. This reading followed the 2.0% increase recorded in May (revised from 1.8%) and came in better than the market expectation for an increase of 1%. The report added that “excluding transportation, new orders increased 0.6 percent. Excluding defense, new orders increased 6.2 percent. Transportation equipment, also up four consecutive months, led the increase, $12.4 billion or 12.1 percent to $115.3 billion.” Along with the Durable Goods Orders report, the Q2 GDP and weekly Jobless ... (full story)