Advance: Transportation Drives July Durable Goods Orders Drop - Modern Distribution Management

Advance: Transportation Drives July Durable Goods Orders Drop

New orders for manufactured durable goods in July were down following four consecutive monthly increases, according to U.S. Census Bureau data.
Durable Goods - US Census

New orders for manufactured durable goods in July were down following four consecutive monthly increases.

July orders decreased $15.5 billion or 5.2% to $285.9 billion, according to a monthly advance report released by the U.S. Census Bureau on Aug. 24.

This decrease followed a 4.4% June increase, which was revised down from 4.7%.

Transportation equipment, also down following four consecutive monthly increases, drove the decrease, $16.4 billion or 14.3% to $98.7 billion.

Excluding transportation, new orders increased 0.5%. Excluding defense, new orders decreased 5.4%.

U.S. Durable Goods Orders 2022-2023, Seasonally Adjusted, Month-to-Month Percentage Change


source: tradingeconomics.com

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