US: Durable Good Orders (Jul) rose 22.6%

FXStreet (Edinburgh) - The Commerce Department has informed that orders for US long-lasting goods have increased 22.6% MoM during July, largely surpassing expectations for a 7.5% advance and up from June’s 2.7% gain (revised). Excluding the Transportation sector, orders contracted 0.8% vs. forecasts for a 0.5% gain.