The US Census Bureau reported that new orders for manufactured durable goods in the United States increased by $1.1 billion, or 0.3%, to $334.8 billion in June. This figure was below the market expectation of a 1.6% rise and followed a 4% decline in May, indicating a weaker-than-anticipated rebound in durable goods demand [1]. Excluding transportation, new orders rose by 0.6%, while excluding defense, the increase was 0.3% [1]. The computers and electronic products category led the gains, rising by $0.9 billion or 3.1% to $31.1 billion, marking an increase in nine of the last ten months [1].
Despite the miss on expectations, the data did not trigger a significant market reaction. At the time of reporting, the US Dollar Index was down 0.05% on the day at 101.40, suggesting muted investor response to the durable goods figures [1].
No forward-looking statements or analyst opinions were provided in the source article [1].
CONCLUSION
US durable goods orders for June rose less than expected, signaling a softer recovery in manufacturing demand. The market response was minimal, with the US Dollar Index showing little movement following the release.