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Market
Will US transportation-related durable goods orders increase in August 2024 compared to July 2024?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
US Census Bureau's monthly durable goods report
Story
US Durable Goods Orders Surge 9.9% in July, Exceeding Expectations
Aug 26, 2024, 12:30 PM
The United States reported a significant increase in durable goods orders for July 2024, with a rise of 9.9% month-over-month. This figure surpassed expectations, which were set at a 4.9% increase, and marked a substantial recovery from the previous month's decrease of 6.7%. Core durable goods orders, excluding transportation, fell by 0.2%, aligning with forecasts. The data indicates a mixed performance in the sector, with overall growth driven by a surge in transportation-related orders.
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