U.S. Durable Goods Orders Rise Less Than Expected in June
New orders for manufactured durable goods in the United States rose 0.3% month-over-month to $334.8 billion in June, falling short of the expected increase of 1.7%. This marks a reversal from May's revised decline of -4.0%, which was previously reported as -4.5%. The data, released by the U.S. Census Bureau on Monday, indicates weaker-than-anticipated demand for durable goods despite an improvement compared to the prior month. The slower growth in orders could signal cautious consumer and business spending amid ongoing economic uncertainty. Analysts had anticipated stronger momentum following May's sharp drop, so the June figures may dampen expectations of a rapid recovery in manufacturing activity. The report is likely to influence discussions around Federal Reserve policy decisions as it provides insight into broader industrial demand trends. The market reaction could be mixed, with investors assessing whether this data reflects a temporary slowdown or a more persistent trend affecting U.S. manufacturing and economic growth.
Topics: census bureau economic data manufactured durable goods