» Durable Goods: Confidence Sag Decision Economics

Durable Goods: Confidence Sag

Posted July 26, 2012 by Editor

[private]June durable goods orders rise a more-than-expected 1.6% (Consensus: +0.4%; Decision Economics: +0.8%) from a prior-month level revised up by 0.4%.  But, the overall increase was more than accounted for by a 51% jump in defense equipment orders, with the total ex-those falling 0.7%.

US_12-0726_E2[/private]