Durable Goods Orders up 4.2% For June

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New orders for durable goods flew up a seasonally adjusted 4.2%, to $244.5 billion, for June; but without flight, new numbers remain stagnant. Excluding transportation equipment, which the Wall Street Journal alludes to as primarily new Boeing orders, new orders recorded no movement from May.

After increasing a revised 5.2% for May, analysts had expected overall new orders growth of 1.5%, far below June's total boost. However, excluding transportation, Mr. Market's 0.6% growth prediction proved too optimistic.


Source: Census.gov 

Overall shipments of goods remained stagnant, while unfilled orders moved up 2.1% to a new record high (since data was first recorded in 1992) on a 2.9% boost in transportation equipment orders. A 0.5% increase in transportation  inventories pushed inventories up 0.2% to a new record high, as well.

The article Durable Goods Orders up 4.2% For June originally appeared on Fool.com.

Fool contributor Justin Loiseau has no position in any stocks mentioned. You can follow him on Twitter @TMFJLo and on Motley Fool CAPS @TMFJLo.The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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