8:48 am Capital Goods Demand Improves, but Manufacturers are Holding Back on Production
Durable goods orders increased 0.7% in June after declining a downwardly revised 1.0% (from -0.9%) in May. The Briefing.com consensus expected durable goods orders to increase 0.3%.
Transportation orders increased 0.6% in June after falling 2.8% in May. Aircraft orders rose 10.1%, in-line with the orders reports from Boeing (BA). Those gains, however, were partially offset by a 2.1% decline in motor vehicle and parts orders.
Excluding transportation, durable goods orders increased 0.8% …More