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June US Durable Goods New Orders Post Smaller-Than-Expected Gain

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New orders for US durable goods rose by 0.3% in June following a decline of 4.0% in May compared with the expectations for a larger increase of 1.8% in a survey compiled by Bloomberg.

Excluding a 0.2% decrease in transportation orders, new orders would have been up 0.6% in June after a 1.8% increase in May. Expectations were for a 0.8% gain.

Durable goods shipments rose by 0.7% after a 1.1% increase in May. Excluding transportation, shipments were up 1.0% after a 0.9% increase in the previous month.

Nondefense capital goods orders excluding aircraft rose by 0.9% in the month, while shipments increased by 1.9%.

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