US: New orders for manufactured durable goods in July fell 1.7% vs. -0.5% expected
|"New orders for manufactured durable goods in July decreased $4.3 billion or 1.7 percent to $246.9 billion," the U.S. Census Bureau reported on Friday.
Key quotes
- This decrease, down three of the last four months, followed a 0.7 percent June increase.
- Excluding transportation, new orders increased 0.2 percent.
- Shipments of manufactured durable goods in July, down following two consecutive monthly increases, decreased $0.5 billion or 0.2 percent to $250.8 billion.
- Unfilled orders for manufactured durable goods in July, up eight of the last nine months, increased $0.1 billion or virtually unchanged to $1,164.7 billion.
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