Durable goods orders unexpectedly rise in June, led by transportation equipment

Jul. 27, 2022 8:32 AM ETBy: Liz Kiesche, SA News Editor5 Comments

Robotic automotive assembly in factory

alvarez/E+ via Getty Images

  • June Durable Goods Orders: +1.9% to $272.6B vs. -0.5% expected and +0.8% prior (revised from +0.7%). The measure increased in eight of the last nine months.
  • Transportation equipment, up for three straight months, led the increase, climbing 5.1% to $92.7B.
  • Core durable goods: +0.3% vs. +0.2% expected and +0.5% prior (revised from +0.7%).
  • Durable goods, excluding defense: +0.4% vs. -0.5% expected and +0.7% in May (revised from +0.6%).
  • Non-defense orders, excluding aircraft: +0.5% vs. +0.2% expected and +0.5% prior.
  • Shipments of manufactured durable goods in June, rising in 13 of the last 14 months, increased 0.3% from May to $269.6B. That follows a 1.5% increase in May. Computers and electronic products led the rise, increasing 1.4% to $29.0B.
  • Last week (July 22), U.S. PMI composite flash contracted in July to lowest level in more than two years

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