Total orders amounted to $285.9 billion, down 5.2 percent from the previous month.
Durable goods orders fell sharply in July in the United States, after four consecutive months of increases, mainly under the effect of orders in the transport sector, by nature more cyclical, according to data released Thursday by the Ministry of Commerce. .
The total amount of orders amounted to 285.9 billion dollars, i.e. a decline of 5.2% compared to the previous month, for which the data were also revised down slightly (+4.4% in instead of 4.7% initially announced.
Orders for July fell more sharply than analysts had anticipated, who had expected a sharp slowdown, but rather around 4%, according to the consensus published by briefing.com.
Excluding transport, whose activity is still strongly linked to aircraft orders in air transport and whose deliveries vary from one month to the next, orders nevertheless remain up, by 0.5%, i.e. slightly above analysts’ expectations this time (+0.2%).
If we exclude this time military orders, which are also very cyclical, the trend is for a slightly sharper drop, of around 5.4%.
In detail, the transport sector is down sharply by 14.3% compared to the previous month, mainly due to a 43.6% drop in orders for civil aviation, while those for military aircraft are falling. by 10.9%.
Other motorized vehicles, in particular cars, two-wheelers and heavy goods vehicles, are also down, but much more modestly (-0.2%).
As for deliveries, the trend is very slightly positive, confirming the general movement observed in recent months, mainly due to an increase in machinery deliveries (+0.3%), highlighting the persistence of investments.
Business inventories are almost stable, while unfulfilled orders have increased again, by 0.5%, thus marking the seventh consecutive month of increase since the beginning of the year.
2023-08-24 15:47:09
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