US: Durable Goods Orders rise by 0.7% in June vs. 0% expected
- davy-brasco-team
- Jul 27, 2022
- 1 min read
Durable Goods Orders in the US rose sharply in June.
US Dollar Index stays near 107.00 ahead of FOMC policy announcements.
Durable Goods Orders in the US increased by 1.9%, or by $5 billion, on a monthly basis in June to $272.6 billion, the monthly data published by the US Census Bureau revealed on Wednesday. This reading came in much better than the market expectation for a decrease of 0.4%.
"Excluding transportation, new orders increased 0.3%," the publication further read. "Excluding defense, new orders increased 0.4%. Transportation equipment, up three consecutive months, led the increase, $4.5 billion or 5.1% to $92.7 billion."
Market reaction
The US Dollar Index showed no immediate reaction to this report and was last seen losing 0.25% on the day at 106.94.
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