New orders for durable goods fell $32.1 billion, or 9.3%, in June, according to a report released by the U.S. Census Bureau just released. This decline was better than market expectations of a 10.4% decline. Core orders, excluding transportation orders, rose 0.2% in June, compared to a 0.6% increase in May (expectations of 0.1%).
In detail, new orders excluding defense orders fell by about 9.4%, with transportation equipment orders leading the decline, declining 22.4%, or $32.6 billion, to $113.0 billion.