Data released on September 4, 2024, indicates a marginal decline in the US durables excluding defense for July 2024. The indicator has decreased to 10.3% from the previous month's rate of 10.4%, marking a minor dip of 0.1%. This latest figure comes from a month-over-month comparison, where the previous indicator also showcased a percentage change from one month to the next.
While the slight downturn might raise concerns about the momentum in the non-defense durable goods sector, the overall figure still reflects double-digit growth. Analysts will be closely watching this trend to determine whether this deceleration is an anomaly or signals the beginning of a broader slowdown.
The updated data not only sheds light on July's performance but also underscores the importance of monitoring economic indicators to gauge industry health and project future economic trajectories.
