US: New orders for manufactured durable goods in July fell 1.7% vs. -0.5% expected

"New orders for manufactured durable goods in July decreased $4.3 billion or 1.7 percent to $246.9 billion," the U.S. Census Bureau reported on Friday.

Key quotes

• This decrease, down three of the last four months, followed a 0.7 percent June increase. 
• Excluding transportation, new orders increased 0.2 percent. 
• Shipments of manufactured durable goods in July, down following two consecutive monthly increases, decreased $0.5 billion or 0.2 percent to $250.8 billion. 
• Unfilled orders for manufactured durable goods in July, up eight of the last nine months, increased $0.1 billion or virtually unchanged to $1,164.7 billion.