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Tuesday, November 19, 2019
HomeNewsEconomyDurable Goods Orders Bounce Back in June, Quadrupling Forecast

Durable Goods Orders Bounce Back in June, Quadrupling Forecast

Manufacture of rails for trains and freight wagon, boxcars. Rail manufacturing plant. Stack of steel round bar - iron metal rail lines material for industry construction in warehouse. (Photo: AdobeStock)
Manufacture of rails for trains and freight wagon, boxcars. Rail manufacturing plant. Stack of steel round bar - iron metal rail lines material for industry construction in warehouse. (Photo: AdobeStock)
Manufacture of rails for trains and freight wagon, boxcars. Rail manufacturing plant. Stack of steel round bar – iron metal rail lines material for industry construction in warehouse. (Photo: AdobeStock)

New orders for manufactured durable goods increased $4.9 billion in June, or 2.0% to $246.0 billion. The increase comes after two consecutive months of declines.

IndicatorPriorRevisedConsensus ForecastForecast RangeResult
New Orders – M/M ∆-1.3 %-2.3 %0.5 %-1.5 % to 1.8 %2.0 %
Ex-transportation – M/M ∆0.3 %0.5 %0.2 %-0.3 % to 0.5 %1.2 %
Core capital goods – M/M ∆0.4 %0.3 %0.2 %0.0 % to 0.3 %1.9 %

Excluding transportation, new orders rose 1.2%. Excluding defense, new orders gained a more solid 3.1%. Transportation equipment, which is also up after two consecutive monthly declines, led the gain, rising $3.0 billion or 3.8% to $80.5 billion.

Non-defense new orders for capital goods rose $3.3 billion, or 4.8% to $72.1 billion in June.

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.

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