US Durable Goods Orders (Jun. 2025)

Ignore the large 9.3% m/m drop in durable goods orders in June, which reflects a reversal of May’s surge of aircraft orders from the Qatar Airways Boeing deal announced during President Trump's visit to the Gulf States. Core (ex. transport) orders crept up, showing firms’ order books remain healthy despite the complaints by firms in the ISM manufacturing survey of tariff uncertainty stalling demand.

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