Updated: 24-Aug-18 08:56 ET
| July Durable Orders |
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| Updated: 24-Aug-18 08:56 ET |
Highlights
- Durable Goods orders for July decreased 1.7% (Briefing.com consensus -0.6%) after a revised 0.7% (from 1.0%) increase in June.
- Excluding transportation, durable goods orders increased 0.2% (Briefing.com consensus 0.4%) after a revised 0.1% increase (from 0.4%) in June.
Key Factors
- Orders for primary metals increased 0.3% after decreasing 0.6% in June
- Orders for fabricated metal products were unchanged after decreasing 0.7% in June
- Orders for machinery increased 0.6% after no change in June
- Transportation equipment orders declined 5.3%, after increasing 1.8% in June. The July decrease was paced by a 35.4% decline in nondefense aircraft and parts orders while motor vehicles and parts orders increased 3.5%
Big Picture
- The key takeaway from the report is that the headline decrease masked a 1.4% increase in orders for nondefense capital goods, excluding aircraft, which is a positive sign about business spending
| Category | JUL | JUN | MAY | APR | MAR |
| Total Durable Orders | -1.7% | 0.7% | -0.3% | -1.0% | 2.7% |
| Less Defense | -1.0% | 1.2% | -1.4% | -1.5% | 4.3% |
| Less Transport | 0.2% | 0.1% | 0.3% | 1.9% | 0.5% |
| Transportation | -5.3% | 1.8% | -1.3% | -6.1% | 6.9% |
| Capital Goods | -5.0% | -0.2% | 0.2% | -4.9% | 4.2% |
| Nondefense | -4.6% | 2.0% | -2.3% | -6.7% | 8.7% |
| Nondefense/nonaircraft (core cap gds) | 1.4% | 0.6% | 0.7% | 2.0% | -1.0% |
| Defense Cap Goods | -8.0% | -12.9% | 16.7% | 9.0% | -21.2% |
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