US durable goods orders dropped -0.0% mom to USD 273.5B in July, well below expectation of 0.6% mom rise. Ex-transport orders rose 0.3% mom, above expectation of 0.2% mom. Ex-defense orders rose 1.2% mom. Transportation equipment drove the decrease and dropped -0.7% mom to USD 93.0B.
Shipments of manufactured durables goods rose 0.4% mom to USD 270B. Transportation equipment shipments rose 1.1% mom to USD 86.3B.
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