US: durable goods orders rise more than expected in July

Ani Salama FXStreet

Durable goods orders in the US, which includes products designed to last at least three years, rose a seasonally adjusted 4.4% in July, the Commerce Department said Thursday.

This was the largest monthly advance since October and came well above the 3.5% rise expected. June's reading was revised to a 4.2% fall, from an earlier estimate of a 3.9% decline.

Orders for durable goods excluding transportation rose 1.5% last month, beating the 0.5% increase expected.

Author

Ani Salama

FXStreet

Ani Salama is an Economist specialized in financial markets and statistics analysis. In 2010, she joined FXstreet where she now contributes with the news section.

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