Economy
August 26, 2015
Durable Goods Orders Rise for Second Month
Written by Sandy Williams
The Durable Goods report from the US Census Bureau showed a 2 percent increase month to month of new orders in July. New orders data was stronger than expected and the second month of gain after an advance in June of 4.1 percent. July’s increase was led by orders for automotive and military goods.
The three month moving average (3MMA) increased by 1.23 percent month over month. The year over year growth rate of the 3MMA came in at negative 9.98 percent in July, deteriorating for the tenth straight month.
