- Analytics
- News and Tools
- Market News
- US Durable Goods Orders rise 9.9% in July vs. 4% expected
US Durable Goods Orders rise 9.9% in July vs. 4% expected
- Durable Goods Orders in the US rose sharply in July.
- US Dollar Index clings to daily recovery gains, stays below 101.00.
Durable Goods Orders in the US increased $26.1 billion, or 9.9%, to $289.6 billion in July, the US Census Bureau reported on Monday. This reading followed the 6.9% contraction (revised from -6.6%) recorded in June and came in better than the market expectation for an increase of 4%.
"Excluding transportation, new orders decreased 0.2%. Excluding defense, new orders increased 10.4%," the press release read. "Transportation equipment, up two of the last three months, drove the increase, $26.4 billion or 34.8% to $102.2 billion."
Market reaction
The US Dollar Index clings to modest daily recover gains near 101.80 following the upbeat data.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
