Updated: 25-Jul-25 09:18 ET
| June Durable Orders |
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| Updated: 25-Jul-25 09:18 ET |
Highlights
- Durable goods orders were down 9.3% month-over-month in June (Briefing.com consensus -11.0%) after an upwardly revised 16.5% jump in May (from 16.4%).
- Excluding transportation, durable goods orders were up 0.2% month-over-month (Briefing.com consensus -0.2%) after rising a revised 0.6% (from 0.5%) in May.
Key Factors
- New orders for primary metals increased 0.6% after rising 0.7% in May.
- New orders for fabricated metal products increased 0.2% after rising 1.1% in May.
- New orders for machinery were up 0.4% after rising 0.4% in May.
- New orders for computers and electronic products were up 0.6% after rising 1.7% in May.
- New orders for transportation equipment were down 22.4% after surging 48.5% in May.
Big Picture
- The key takeaway from the report is that the sharp headline decrease was largely due to a drop in transportation equipment orders after a big jump in May, though nondefense capital goods orders, excluding aircraft-a proxy for business spending-fell 0.7% after increasing 2.0% in May, reflecting a moderation after a solid rise.
| Category | JUN | MAY | APR | MAR | FEB |
| Total Durable Orders | -9.3% | 16.5% | -6.6% | 7.6% | 1.0% |
| Less Defense | -9.4% | 15.7% | -7.7% | 9.0% | 0.6% |
| Less Transport | 0.2% | 0.6% | 0.0% | -0.2% | 0.4% |
| Transportation | -22.4% | 48.5% | -17.6% | 23.5% | 2.1% |
| Capital Goods | -22.2% | 48.8% | -15.1% | 21.7% | -2.3% |
| Nondefense | -24.0% | 50.0% | -19.2% | 27.2% | -2.5% |
| Nondefense/nonaircarft (core cap gds) | -0.7% | 2.0% | -1.5% | 0.3% | -0.5% |
| Defense Cap Goods | -10.2% | 41.3% | 26.8% | -15.0% | -0.7% |
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