New orders for durable goods flew up a seasonally adjusted 4.2%, to $244.5 billion, for June; but without flight, new numbers remain stagnant. Excluding transportation equipment, which the Wall Street Journal alludes to as primarily new Boeing (NYSE: BA) orders, new orders recorded no movement from May.
After increasing a revised 5.2% for May, analysts had expected overall new orders growth of 1.5%, far below June's total boost. However, excluding transportation, Mr. Market's 0.6% growth prediction proved too optimistic.
Overall shipments of goods remained stagnant, while unfilled orders moved up 2.1% to a new record high (since data was first recorded in 1992) on a 2.9% boost in transportation equipment orders. A 0.5% increase in transportation inventories pushed inventories up 0.2% to a new record high, as well.
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