Updated: 25-Aug-21 09:16 ET
| July Durable Orders |
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| Updated: 25-Aug-21 09:16 ET |
Highlights
- Total durable goods orders declined 0.1% month-over-month in July (Briefing.com consensus -0.3%) and orders, excluding transportation, increased 0.7% (Briefing.com consensus +0.3%) following an upwardly revised 0.6% increase (from 0.3%) in June.
- On a year-over-year basis, durable goods orders were up 25.3%, while orders, excluding transportation, were up 17.7%.
Key Factors
- Orders for primary metals increased 2.7%.
- Orders for machinery increased 2.9%.
- Orders for fabricated metal products rose 0.3%.
- Orders for motor vehicles and parts jumped 5.8%.
- Shipments of nondefense capital goods, excluding aircraft, which factor into GDP forecasts, rose 1.0% after increasing 0.6% in June.
Big Picture
- The key takeaway from the report is that nondefense capital goods orders, excluding aircraft -- a proxy for business spending -- were flat after increasing 1.0% in June.
| Category | JUL | JUN | MAY | APR | MAR |
| Total Durable Orders | -0.1% | 0.8% | 3.2% | -0.7% | 1.3% |
| Less Defense | -1.2% | 0.9% | 2.8% | 0.5% | 2.3% |
| Less Transport | 0.7% | 0.6% | 0.6% | 1.7% | 3.3% |
| Transportation | -2.2% | 1.4% | 10.0% | -6.6% | -3.1% |
| Capital Goods | -5.0% | 1.2% | 6.9% | 0.9% | -2.7% |
| Nondefense | -8.0% | 1.6% | 6.0% | 5.1% | -1.1% |
| Nondefense/nonaircarft (core cap gds) | 0.0% | 1.0% | 0.6% | 2.7% | 1.6% |
| Defense Cap Goods | 20.5% | -1.4% | 15.2% | -25.8% | -11.7% |
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