by Calculated Risk on 7/28/2010 08:33:00 AM
Wednesday, July 28, 2010
Durable Goods orders fall 1% in June
From the Census Bureau:
New orders for manufactured durable goods in June decreased $2.0 billion or 1.0 percent to $190.5 billion, the U.S. Census Bureau announced today. This was the second consecutive monthly decrease and followed a 0.8 percent May decrease.From Reuters: Durable Goods Orders Fall Short as Demand Stays Weak
...
Shipments of manufactured durable goods in June, down two consecutive months, decreased $0.7 billion or 0.3 percent to $195.0 billion. This followed a 0.7 percent May decrease.
The Commerce Department said durable goods orders fell 1.0 percent after a revised 0.8 percent drop in May.This was well below expectations, and is further evidence of a slowdown in the manufacturing sector.
Analysts polled by Reuters had forecast orders increasing 1.0 percent in June from May's previously reported 0.6 percent fall.