Durable Goods Orders Fell 1.0% In June
Durable good orders fell 1.0% in June vs. +1.0% consensus and -1.1% increase in May. Transportation taken out the figure was a decrease of 0.6% vs. 0.6% rise in May and +0.4% consensus.
Big miss, with no appropriate market reaction.
Chart 1. U.S. Durable Goods Orders
Source: U.S. Census Bureau
Chart 2. U.S. Durable Goods Orders Ex. Transportation
Source: U.S. Census Bureau
