Friday, July 25, 2025

United States Durable Goods Orders

Durable goods orders in the US declined 9.3% month-over-month to $311.84 billion in June 2025, reversing an upwardly revised 16.5% jump in May, and compared to forecasts of a bigger 10.8% slide. 

The biggest decline was seen in orders for transport equipment (-22.4%), mostly nondefense aircraft and parts (-51.8%) and capital goods (-22.2%), mainly nondefense (-24). 

Excluding transportation, new orders rose 0.2% and excluding defense, orders edged up 0.1%. 

Increases were seen in orders for fabricated metal products (0.2%), machinery (0.4%), primary metals (0.6%) and computers and electronics (0.6%). 

Meanwhile, orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, declined 0.7%, following an upwardly revised 2% advance in May and compared to forecasts of a 0.2% rise. 

source: U.S. Census Bureau

Copper Update

Copper futures hovered below $4.40 per pound on Friday and were on track for a weekly drop of around 24%, pressured by a surprise US tariff ...