US Durable Goods Orders Increased by 7.3% in June

Durable goods orders in the United States continued to rise in June, as the US Census Bureau reported on Monday that durable goods orders in the United States rose 7.3% MoM to $ 206.9 billion in June after an increase of 15.1% in May, better than forecasts of 7.2%.

Excluding transportation, new orders increased 3.3% and 9.2% excluding defence. It was the transportation that led the increase in two consecutive months, 9.2% billion dollars, or 20% to 55.3% billion dollars.

This data did not have much impact on the market or US dollar index and was again seen losing 0.66% to 93.72.