US durable goods orders unexpectedly stagnant in July

July figure, at 2.2% hike in June, misses forecast for 0.6% gain

By Tuba Sahin

ANKARA (AA) - US durable goods orders unexpectedly remained unchanged in July compared to a month ago, according to data released Wednesday.

New orders fell less than $0.1 billion to $273.5 billion, the US Commerce Department's Census Bureau said in a report.

The decrease, after four consecutive monthly increases, followed a 2.2% gain in June.

Estimates were for the figure to rise by 0.6%.

"Excluding transportation, new orders increased 0.3%. Excluding defense, new orders increased 1.2%," said the report.

Transportation equipment led the decrease, falling $0.6 billion or 0.7%, to $93.0 billion.

Kaynak:

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