July’s $339.3B print exceeds the 0.4% consensus as June’s gain is revised higher to 0.5%.
US durable goods orders rose 1.1% month-over-month in July to $339.3 billion, outpacing the 0.4% estimate. The gain follows a revised 0.5% increase in June, previously reported as 0.3%.
The July advance marks the third consecutive monthly rise and surpasses the six-month average of 0.8%. Core capital goods orders, excluding aircraft and defense, also climbed, signaling sustained business investment.
Markets reacted modestly, with Treasury yields edging higher and equity futures holding steady after the release.