U.S. Durable Goods Orders Surged in July, Excluding Transportation
Monday, 26 August 2024, 07:34
U.S. Durable Goods Orders Surge
In July, durable goods orders in the U.S. reflected a substantial increase of 9.9%, excluding the transportation sector, exceeding forecasts of 4%. This rise indicates a strong manufacturing sector and signals potential for continuous economic expansion.
Key Drivers of Growth
- Machinery orders saw significant gains.
- New vehicle orders contributed notably to the overall increase.
Trend Observations
Over the past six months, durable goods orders have prompted five increases, indicating a stabilizing trend in the U.S. economy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.