New orders for durable goods in the US climbed 1.1% in July, comfortably topping market expectations. This acceleration marks a significant rebound compared to June’s 0.3% gain, itself a recovery following May’s 4.0% decline. The computers and electronic products sector was the main driver of this performance with a 3.1% jump. After revisions, June orders stood at $334.8 billion. This trend suggests resilience in US manufacturing after a volatile spring.
Source: Read the original article
