Durable Goods Orders Unexpectedly Jump 0.8% In June
12:37 GMT
25
Jul 2008
(RTTNews) - Orders for durable goods unexpectedly increased in the month of June, according to a report released by the Department of Commerce on Friday, with the growth reflecting a notable increase in orders for primary metals.
The report showed that durable goods orders rose 0.8 percent in June following a revised 0.1 percent increase in May. The increase came as a surprise to economists, who had expected orders to decrease by about 0.3 percent.
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