Keeping you up to date on the latest data releases.
- Durable Goods
New orders for durable goods fell 7.3 percent in July. Over the past year, new orders are down 0.3 percent. New orders for transportation equipment declined 19.4 percent following an increase of 11.7 percent in June. New orders excluding transportation equipment were down 0.6 percent following increases of 0.1 and 1.3 percent in June and May, respectively. Orders for nondefense capital goods excluding aircraft, which is used to evaluate the near-term outlook in equipment and software investment, fell 3.3 percent in July. Shipments of durable goods, which are up 2.1 percent over the past year, were down 0.3 percent in July. Perhaps more disconcerting is that shipments of nondefense capital goods excluding aircraft, which map directly into GDP, declined 1.5 percent in July. This decrease followed a decline of 0.8 percent in June. On a year-over-year basis, shipments of nondefense capital goods excluding aircraft are up 0.8 percent.