U.S. Orders Durable Goods Fell More Than Expected In June

U.S. Commerce Department reported Wednesday, July 27, 2011, that orders weaker for aircraft and cars turned a steeper-than-expected drop in durable goods orders 2.1% in June 2011.

It was the second big drop in the last three months for durable goods orders. The drop in orders in June following a revised rise of 1.9% in May and down 2.5% in April.

Durable goods orders excluding aircraft and automobiles rose 0.1% in June after rising 0.7% in May. The monthly durable goods report is very volatile, largely due to fluctuations in demand for civil aircraft and other expensive items NRI Share Trading Account.

The detailed report that shipments of durable goods rose 0.5% in June for the second consecutive month. Inventories of durable goods rose 0.4% in June This is the 18th consecutive monthly increase in inventories. The drop in orders were seen in motor vehicles, civilian aircraft and military aircraft.

Excluding transportation, most sectors reported improved bookings in June compared to May orders rose 2.1% for fabricated metals and 15.2% for computer equipment, the biggest gain since last December. Machinery orders fell 2.3% in June, while orders fell 0.8 computer%

Orders for non-military aircraft fell 0.4% capital in June after rising 1.7% in May Shipments of core capital goods, a figure that is directly fed into the calculation of gross domestic product increased 1% in June


One Comment

  1. Million, 6 years ago

    Good info thanks for the update.