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FINWIRES

July US Durable Goods New Orders Post Larger-Than-Expected Increase

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New orders for US durable goods rose by 1.1% in July following an increase of 0.5% in the previous month, compared with the expectations for a smaller increase of 0.5% in a survey compiled by Bloomberg.

Excluding a 2.3% increase in transportation orders, new orders would have been up 0.4% in June after a 1.1% increase in June. Expectations were for a 0.6% gain.

Durable goods shipments rose by 1.0% in July, the same as in June. Excluding transportation, shipments were up 0.8% after a 1.2% rise in the previous month.

Nondefense capital goods orders excluding aircraft increased by 0.2% in the month, while shipments rose by 1.4%.

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