US durable goods orders fell more than expected in July

The data showed that US durable goods orders fell 5.2% in July and were expected to decline by 4%, while core durable goods orders rose 0.5% in July.

The US Commerce Department report showed that US orders for capital goods rose 0.1% in July and June data was revised to 0.4%, down from the 0.1% previously reported.

Shipments of core capital goods fell 0.2% in July after declining 0.1% in June, and shipments of non-defense capital goods including aircraft, which feed into the equipment spending account in the GDP gauge, fell 1.1% in July.

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