U.S. Durable Goods Orders Rise 0.3% In June, Much Less Than Expected

India, July 27 -- New orders for U.S. manufactured durable goods rebounded by much less than expected in the month of June, according to a report released by the Commerce Department on Monday.

The Commerce Department said durable goods orders rose by 0.3 percent in June after tumbling by a revised 4.0 percent in May.

Economists had expected durable goods orders to jump by 1.7 percent compared to the 4.5 percent plunge originally reported for the previous month.

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Published by HT Digital Content Services with permission from RTT News....