Quick Review of U.S. Durable Goods Orders in July

In July, U.S. durable goods orders fell by 2.8% month-on-month, compared to an expected decline of 3.8% and a previous decline of 9.4%. Excluding aircraft, non-defense capital durable goods orders in the U.S. increased by 1.1% month-on-month, exceeding the expected increase of 0.2%, with the previous value revised from a decline of 0.8% to a decline of 0.6%. Earlier this month, Boeing reported that July orders were lower than in June. The data shows that U.S. durable goods orders in July exceeded expectations, indicating that as uncertainties surrounding some trade and tax policies gradually decrease, businesses are advancing their investment plans