Updated: 27-Jul-26 09:04 ET
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| Updated: 27-Jul-26 09:04 ET |
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Highlights
- Durable goods orders rose 0.3% month-over-month in June (Briefing.com consensus 2.0%) after an upwardly revised 4.0% decrease (from -4.5%) in May.
- Excluding transportation, durable goods orders were up 0.6% month-over-month (Briefing.com consensus 0.9%) after increasing an upwardly revised 1.8% (from 1.3%) in May.
Key Factors
- New orders for primary metals increased 1.1% after rising 4.2% in May.
- New orders for fabricated metal products decreased 0.5% after increasing 1.3% in May.
- New orders for machinery were down 0.1% after increasing 2.8% in May.
- New orders for computers and electronic equipment jumped 3.1% after rising 1.2% in May.
- Transportation equipment orders dipped 0.2% after falling 13.5% in May.
Big Picture
- The key takeaway from the report is that the headline miss masked upward revisions to readings from May and concealed a 0.9% increase in new orders for nondefense capital goods excluding transportation, which is considered a proxy for business spending. On a year-over-year basis, these orders are up 9.3%.
| Category |
JUN |
MAY |
APR |
MAR |
FEB |
| Total Durable Orders |
0.3% |
-4.0% |
8.5% |
1.3% |
-1.2% |
| Less Defense |
0.3% |
-4.3% |
8.5% |
-0.3% |
-1.2% |
| Less Transport |
0.6% |
1.8% |
1.5% |
1.1% |
1.2% |
| Transportation |
-0.2% |
-13.5% |
22.4% |
1.8% |
-5.6% |
| Capital Goods |
1.1% |
-13.0% |
22.3% |
2.9% |
-6.5% |
| Nondefense |
1.2% |
-15.3% |
25.0% |
-1.2% |
-7.9% |
| Nondefense/nonaircarft (core cap gds) |
0.9% |
1.9% |
-0.6% |
3.8% |
1.6% |
| Defense Cap Goods |
0.5% |
-1.6% |
10.5% |
26.0% |
2.1% |