Arab Today, arab today us durablegoods orders rise for second month in july
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

US durable-goods orders rise for second month in July

Arab Today, arab today

Arab Today, arab today US durable-goods orders rise for second month in July

Ford Mustangs
Washington - AFP

New orders for US durable manufactured goods rose solidly in July, lifted by automobiles, and the June gain was revised sharply higher, official data released Wednesday showed.

Durable goods orders rose 2.0 percent in July to a seasonally adjusted $241.1 billion, the Commerce Department said, compared to a 0.6 percent decline expected by analysts.

That marked the second straight month of increases in orders for goods expected to last at least three years, such as computers, trains and home appliances.

The June rise was much stronger than previously estimated, 4.1 percent rather the 3.4 percent gain originally reported.

Transportation orders also were up for a second month in a row, by 4.7 percent, leading the overall increase. Orders for motor vehicles and parts rose 4.0 percent, offsetting declines in commercial and defense aircraft orders.

Excluding transportation, which tends to be volatile month-over-month, durable goods orders were up 0.6 percent, following a 1.0 percent rise in June previously reported at 0.8 percent.

New orders for nondefense capital goods, excluding aircraft, jumped 2.2 percent, after a 1.4 percent rise in June. That indicates that the drop in equipment spending in the oil sector has ended, said Ian Shepherdson, chief economist at Pantheon Macroeconomics.

"The rising underlying trend in non-oil spending is now becoming the dominant force again," Shepherdson said.

"We can't rule out a renewed downshift in oil firms' spending, given the recent drop in oil prices, but it will not be of the same order of magnitude as the plunge over the past year."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us durablegoods orders rise for second month in july Arab Today, arab today us durablegoods orders rise for second month in july

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us durablegoods orders rise for second month in july Arab Today, arab today us durablegoods orders rise for second month in july

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday