Headline: Headline figures came in up 4% versus expectations of 2%.
Ex-transportation figures are up 0.7% in July. Ex-defence durable goods are up 4.8%.
But there’s bad news too. Core capital goods orders which exclude defence and transport were down 1.5% versus expectations for 0.5% gains.
U.S. futures which were sharply lower earlier in the dar, but are now flat ahead of the market open.
- 2% month-over-month increase in new orders.
- 0.1% year-over-year increase in new orders.
- Ex-transport, durable goods orders are expected to fall 0.5%.
Analysis: Durable goods orders in June fell a revised 1.9% month-over-month, from the original 2.1% figure.
Last month, transportation had been the weakest component plummeting 8.6%. Ex-transport, durables were up a revised 0.4%.