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Durable Goods: Confidence Sag
[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]