Reported 2 months ago
In June, new orders for U.S. manufactured goods experienced a larger-than-expected decline of 3.3%, following a 0.5% drop in May. Economists had predicted a decrease of 2.9%. However, business spending on equipment remained strong, with orders for non-defense capital goods (excluding aircraft) increasing by 0.9%. Despite the overall drop, the data indicates resilience in business spending plans.
Source: YAHOO