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Orders for durable goods rise in June

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Orders for durable goods rise in June

Increase of 0.7% beats estimates.

New orders for durable goods increased 0.7% in June, the U.S. Census Bureau announced today. The increase follows May’s revised decrease of 1.0%.  

Analysts had expected orders to increase 0.5%.

Non-defense capital goods orders excluding aircraft, often called “core” capital goods, increased 1.4% during the month, following a revised decrease in May of 1.2%. Economists had expected an increase in orders of 0.5%.

The results for June reinforce the positive, albeit less-than-robust, growth expectations for the remainder of the year.

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