In a surprising shift, U.S. durable goods orders excluding transportation saw a decline of 0.2% in July 2024, following a 0.4% increase recorded in June 2024. The latest figures were updated on September 4, 2024, and reflect a month-over-month comparison.
The data reveals a significant cooling in the sector, as businesses potentially adjust their strategies in reaction to market conditions. The previous month's increase had offered some optimism, but the current decline indicates ongoing volatility and potential challenges in the durable goods market excluding transport elements.
Analysts are likely to closely monitor these figures in the coming months to better understand the underlying economic trends and potential impacts on the broader U.S. economy.
