US: Durable Good Orders fell 7.3% in July

FXstreet.com (Edinburgh) -The Commerce Department has informed that orders for US long-lasting goods have contracted 7.3% during July, missing expectations for a drop of 3.0%, and down from June’s 3.9% advance (revised). If we strip the Transportation sector, orders also fell 0.6% vs. an expected gain of 0.6%.