Durable goods orders unexpectedly stall in July, core figure up more than expected
Source: Seeking Alpha
Durable goods orders unexpectedly stall in July, core figure up more than expected
Aug. 24, 2022 8:31 AM ET By: Liz Kiesche, SA News Editor
-- July Durable Goods Orders: 0.0% to $273.5B vs. +0.6% expected and +2.2% prior (revised from +1.9%).
-- Durable goods orders in July fell less than $0.1B, or were virtually unchanged, from the prior month. That follows four straight months of increases.
-- Core durable goods: +0.3% vs. +0.2% expected and +0.3% prior (unchanged).
-- Durable goods, excluding defense: +1.2% vs. +0.7% in June (revised from +0.4%).
-- Non-defense orders, excluding aircraft: +0.4% vs. +0.3% expected and +0.9% prior (revised from +0.5%).
-- Shipments of manufactured durable goods, up 14 of the last 15 months, rose 0.4% to $270.5B. That's after a 0.3% increase in June. -- Transportation equipment, up nine of the last 10 months, drove the increase, rising 1.1% to $86.3B.
-- Last week (Aug. 16), Industrial production rose more than expected in July
Read more: https://seekingalpha.com/news/3876162-durable-goods-orders-unexpectedly-stall-in-july
I've used up my free articles at every other place that's reporting this.
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