Widget Image
Follow PPD Social Media
Follow Us:
People's Pundit Locals Community
Tuesday, May 17, 2022
HomeNewsEconomyDurable Goods Orders Bounce Back in July, Prior Month Sharper Than Previous Estimate

Durable Goods Orders Bounce Back in July, Prior Month Sharper Than Previous Estimate

durable-goods-reuters
durable-goods-reuters

American workers at a manufacturing plant for long-lasting durable goods. (PHOTO: REUTERS)

The Commerce Department reported Thursday durable goods orders rose 4.4%x% in July from the prior month, higher than the median forecast calling for a gain of 3.3%. Excluding the volatile transportation component and durable goods orders rose 1.5%, higher than the estimate for an increase of 0.5%.

The data from the June report were revised to show a larger 4.2% decline, from an initial estimate of 3.9%. Through the first seven months of the year, durable goods orders were down 0.9%, compared to the same period in 2015 and are still down 4.3% in the first seven months of the year, compared with the same period in 2015.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

No comments

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

People's Pundit Daily
You have %%pigeonMeterAvailable%% free %%pigeonCopyPage%% remaining this month. Get unlimited access and support reader-funded, independent data journalism.

Start a 14-day free trial now. Pay later!

Start Trial