On Wall Street, however, disappointment over durable goods order
was compounded by quarterly results that included a subscriber slump at AT&T and a weak profit forecast from Procter & Gamble.
durable goods orders
climbed 2.1% in July after a revised 1.8% rebound in June (was 2.0%) after the -2.3% drop in May.
US Durable Goods Orders
are due out later today and will likely show moderation in investment.
The report said durable goods orders
shot up by 2.6% in March after slumping by 1.3% in February, reflecting a slight downward revision from the 2.7% jump reported last week.
Other notable indicators for this week include retail sales, Markit and ISM PMI data and durable goods orders
Policymakers noted that the labor market has "strengthened" and that "near-term risks to the economic outlook have diminished." Overall orders for durable goods orders
fell 4.0 percent in June.
The Commerce Department said on Thursday durable goods orders
, items ranging from toasters to aircraft that are meant to last three years or more, dropped 18.2 per cent, the largest decline since the series started in 1992.
The Commerce Department said on Tuesday durable goods orders
dropped 4.3 percent, pulled down by weak demand for transportation equipment, primary metals, computers and electronic products and capital goods.
| WASHINGTON, June 25 (KUNA) -- US durable goods orders
recorded an increase in May which was led by the increase in transportation equipment, official data showed Tuesday.
Durable goods orders
added 4.2% in July, which exceeded expectations (+2.5%) and the value of the previous month (+1.6%).
Thu, Jul 26, 2012 Aircraft orders push up durable goods Orders
for long-lasting goods rose in June as aircraft sales surged, though falling demand elsewhere offers the latest sign of a slowing recovery.
US: Durable Goods Orders
Most manufacturing surveys show decelerating or weakening new orders so commentators are cautious on the outlook.