Economy
August 25, 2022
July Durable Goods Stall, Little Changed From June
Written by David Schollaert
New orders for US manufactured durable goods stalled in July, at a seasonally adjusted $273.5 billion last month, virtually mirroring the month prior. But a pullback on orders for long-lasting goods in July might reflect a cooling in demand amid other signs of a slowing US economy.
Last month’s bookings for durable goods were down roughly 0.04% or less than $0.1 billion month-on-month (MoM) – virtually unchanged – following a 2.2% gain a month earlier, according to the Commerce Department. Figures are not adjusted for inflation.
