Durable orders rise 0.7% in June, beating expectations

http://www.marketwatch.com/story/durable-orders-rise-07-in-june-beating-expectations-2014-07-25

Orders for durable U.S. goods rose 0.7% in June amid gains in most categories, the Commerce Department said Friday. Economists surveyed by MarketWatch had expected durable-goods orders to rise 0.2%. Stripping out defense, orders rose 0.7%. Bookings excluding the volatile transportation sector were up 0.8%. Orders for core capital goods - a measure of business investment - climbed 1.4% in June after a revised 1.2% decline in May. Shipments of core capital goods, a category used to calculate quarterly economic growth, fell 1% in June.

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