US durable goods orders down by 6.6% in June - Breaking The News
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US durable goods orders down by 6.6% in June

EPA-EFE/PETER FOLEY

New orders for manufactured durable goods in the United States observed a monthly decrease of 6.6% to reach $264.5 billion in June, the US Census Bureau unveiled in an advance report published on Thursday.

The document attributed the fall mostly to transportation equipment, which plunged by 20.5% or $19.6 billion to $75.8 billion. Excluding transportation, new orders rose by 0.5%. Excluding defense, the figure dropped by 7.0%.

Shipments of manufactured durable goods advanced by $3.5 billion or 1.2% to $288.1 billion. Unfilled orders for manufactured durable goods declined by 1.3% or $18.8 billion to $1,384.3 billion.

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