US: New orders for manufactured durable goods in July fell 1.7% vs. -0.5% expected

Eren Sengezer FXStreet

"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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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