U.S. durable goods orders declined in July for the third time in four months, dropping 2.8% to $302.8 billion, according to preliminary data from the Census Bureau. The decrease was less severe than economists’ consensus estimate of a 4.0% decline.
- Headline durable goods orders fell 2.8% in July vs. consensus -4.0%.
- June orders had previously fallen 9.4%.
- Excluding transportation, orders rose 1.1%, above estimates of +0.2%.
- Excluding defense, orders fell 2.5%.
- Transportation equipment orders decreased 9.7% to $101.7 billion, driving the overall decline.
Relevant Companies
- BA – Boeing is a key driver of transportation-related durable goods and fluctuations in aircraft orders directly impact headline results.
- CAT – Caterpillar depends on demand for heavy equipment, often reflected in durable goods trends.
- DE – Deere & Co. is influenced by manufacturing and agricultural equipment demand within durable goods data.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
