Economic Buzz: US Durable Goods Orders Unchanged In July

25 Aug 2022 , 09:22 AM

New orders for U.S. manufactured durable goods were virtually unchanged in the month of July, according to a report released by the Commerce Department. The Commerce Department said durable goods orders edged down by less than a tenth of a percent in July after surging by a revised 2.2 percent in June. Excluding a pullback in orders for transportation equipment, durable goods orders rose by 0.3 percent for the second straight month. Ex-transportation orders were expected to inch up by 0.2 percent.Powered by Commodity Insights