Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durable goods rose 4.2 percent in June. Over the past year, new orders are up 10.9 percent. New orders for transportation equipment increased 12.8 percent following an increase of 14.9 percent in May. New orders excluding transportation equipment were essentially unchanged in June, following increases of 1.0 and 1.8 percent in May and April, respectively. Orders for nondefense capital goods excluding aircraft, which is used to evaluate the near-term outlook in equipment and software investment, increased 0.7 percent in June. Shipments of durable goods, which are up 3.4 percent over the past year, were flat in June. Perhaps more disconcerting is that shipments of nondefense capital goods excluding aircraft (which map directly into GDP) declined 0.9 percent in June. This decrease followed an increase of 1.9 percent in May. On a year-over-year basis, shipments of nondefense capital goods excluding aircraft are up 0.8 percent.