U.S. durable goods orders rose more-than-expected in June, while core orders were flat, official data showed on Thursday
The Commerce Department said orders for long lasting manufactured goods rose by a seasonally adjusted 4.2% last month, compared to expectations for an increase of 1.3%.
Durable goods for May were revised to a 5.2% gain from a previously reported 3.7% increase.
Core durable goods orders, which exclude volatile transportation items, were flat in June, compared to expectations for a 0.5% increase.
Core durable goods orders for May were revised up to 1.0% from 0.5%.
Following the release of the data, the dollar was little changed against the euro, with EUR/USD inching up 0.02% to 1.3204.
Meanwhile, U.S. stock index futures were broadly lower The Dow Jones Industrial Average futures pointed to slide of 0.42% at the open, S&P 500 futures indicated a decline of 0.16, while the Nasdaq 100 futures signaled a gain of 0.09%.
The Commerce Department said orders for long lasting manufactured goods rose by a seasonally adjusted 4.2% last month, compared to expectations for an increase of 1.3%.
Durable goods for May were revised to a 5.2% gain from a previously reported 3.7% increase.
Core durable goods orders, which exclude volatile transportation items, were flat in June, compared to expectations for a 0.5% increase.
Core durable goods orders for May were revised up to 1.0% from 0.5%.
Following the release of the data, the dollar was little changed against the euro, with EUR/USD inching up 0.02% to 1.3204.
Meanwhile, U.S. stock index futures were broadly lower The Dow Jones Industrial Average futures pointed to slide of 0.42% at the open, S&P 500 futures indicated a decline of 0.16, while the Nasdaq 100 futures signaled a gain of 0.09%.
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