Durable-Goods Orders Surge: Impact of Aircraft Orders
Monday, 26 August 2024, 06:45
Overview of Durable-Goods Orders
Durable-goods orders in the U.S. jumped last month by more than Wall Street anticipated, a rebound fueled by aircraft, according to Capital Economics.
Key Highlights
- The 9.9% surge in durable-goods orders for July was largely due to a significant rebound in aircraft orders.
- Paul Ashworth, chief North America economist at Capital Economics, noted that orders excluding aircraft remained soft.
- The Commerce Department released data on durable-goods orders revealing a mixed market performance.
Detailed Analysis
Excluding transport, core orders fell 0.2% in July month-over-month, indicating underlying weaknesses in certain sectors.
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.