Investing.com – U.S. core durable goods orders rose unexpectedly in July, official data showed on Wednesday.
In a report, the U.S. Census Bureau said core durable goods orders, excluding transportation items, rose by 0.7% in July, confounding expectations for a 0.4% decline.
The previous month’s figure was revised up to 0.6% from a previously reported 0.1% increase.
The report showed that durable goods orders, which include transportation items, jumped by a seasonally adjusted 4.0% in July, doubling expectations for a 2.0% gain.
June’s figure was revised to a 1.3% drop from a previously reported 2.1% decline.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD climbing 0.18% to trade at 1.4467.
Meanwhile, U.S. stock index futures pared losses after the release of the data.
The Dow Jones Industrial Average futures indicated a decline of 0.3%, S&P 500 futures shed 0.25%, while the Nasdaq 100 futures slumped 0.3%.
In a report, the U.S. Census Bureau said core durable goods orders, excluding transportation items, rose by 0.7% in July, confounding expectations for a 0.4% decline.
The previous month’s figure was revised up to 0.6% from a previously reported 0.1% increase.
The report showed that durable goods orders, which include transportation items, jumped by a seasonally adjusted 4.0% in July, doubling expectations for a 2.0% gain.
June’s figure was revised to a 1.3% drop from a previously reported 2.1% decline.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD climbing 0.18% to trade at 1.4467.
Meanwhile, U.S. stock index futures pared losses after the release of the data.
The Dow Jones Industrial Average futures indicated a decline of 0.3%, S&P 500 futures shed 0.25%, while the Nasdaq 100 futures slumped 0.3%.