US Durable Goods Orders Rise Less Than Expected But Core Beat

New orders for US-manufactured durable goods increased 0.3% month-over-month to $334.77 billion in June 2026, rebounding from a revised 4% slump in May but much lower than forecasts of a 1.6% jump. Orders for capital goods went up 1.1% and increases were also seen in orders for primary metals (1.1%), computers and electronics (3.1%), and electrical equipment, appliances, and components (0.9%). On the other hand, orders declined for transportation (-0.2%), mostly motor vehicle and parts (-0.6%), fabricated metal products (-0.5%), and machinery (-0.1%). Excluding transportation, durable goods orders were up 0.6%. Meanwhile, orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose by 0.9%, following an upwardly revised 1.9% rise in May and above forecasts of 0.8%. Business investment has remained resilient this year, supported by robust spending on AI and a war-related increase in US defence orders.




