New orders for US durable goods jumped in July, but a second consecutive month of declines in a measure of planned business spending pointed to a slowing growth trend in the factory sector. The Commerce Department reported that orders for durable goods—expensive manufactured items expected to last at least three years—surged 4.2 percent last month on strong demand for civilian aircraft. It was the biggest monthly increase since December, and it followed a 1.6 percent gain in June. July’s gain was powered by a 14.1 percent jump in transportation equipment as demand for civilian aircraft surged 53.9 percent. Boeing received orders for 260 aircraft, up from 24 in June. The aircraft jump was complemented by a 12.8 percent increase in motor-vehicle orders, the biggest gain in a year. Excluding transportation items, durable-goods orders fell 0.4 percent, dropping for the second consecutive month. Non-defense capital goods orders excluding aircraft—a closely watched gauge of business spending plans—fell 3.4 percent after a 2.7 percent drop in June. The mixed report suggested a cooling in the growth pace in manufacturing, a sector that has powered the economy’s recovery from the 2007-2009 recession.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor