US: Durable Good Orders (Jun) rose 0.7%

FXStreet (Edinburgh) - The Commerce Department has informed that orders for US long-lasting goods have increased 0.7% MoM during June, exceeding expectations for a 0.5% advance and up from May’s 1.0% contraction. Excluding the Transportation sector, orders followed suit, expanding 0.8% vs. estimates at 0.6%.