low aircraft sales see us durable goods sink in july
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

Low aircraft sales see US durable goods sink in July

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today Low aircraft sales see US durable goods sink in July

A Boeing employee at a production facility in North Charleston, South Carolina
Washington - Al Maghrib Today

US sales of big-ticket manufactured goods sank to their lowest level in three years in July as orders for civilian aircraft dropped sharply, government data showed Friday.

Analysts had been expecting July to see a steep downturn following June's spike in sales at aircraft giant Boeing. But the overall decrease was more than enough to reverse the gains recorded in June.

Durable goods orders have now been down for three of the last four months, possibly weighing on economic growth.

Analysts said however that through the volatility the report showed some solid gains.

Total orders for durable goods fell 6.8 percent from June to $229.2 billion, the biggest one-month drop since August of 2014. Analyst had been expecting a fall of only six percent.

Year-to-date, however, orders were still five percent higher than they were for the first seven months of 2016.

Civilian aircraft fell 70.7 percent for the month, after June's 129.3 percent gain.

Excluding the volatile transportation segment, however, orders rose 0.5 percent, the third monthly rise in a row.

The defense sector was July's strongest point. Excluding defense goods, orders fell an even steeper 7.8 percent.

Orders for military aircraft rose 47.8 percent while defense capital goods gained 14.7 percent.

Pointing to a continuing recovery in the oil drilling sector, non-defense capital goods orders rose 0.4 percent.

Computers and electronic products also had their strongest sales in a year, adding 1.6 percent.

But sales of cars and car parts, which have had a weak first half of 2017, fell 1.2 percent, the largest monthly decrease since May of 2016.

Ian Shepherdson noted that capital goods orders outside the aircraft sector had been up for three of the past four months.

"The recent trend here has been a bit stronger than implied by the path of oil prices, which has been the dominant factor in recent years," he said in a research note.

Although "wildly volatile," aircraft orders appeared to be slowly rising, he added.

Source: AFP

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

low aircraft sales see us durable goods sink in july low aircraft sales see us durable goods sink in july

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

low aircraft sales see us durable goods sink in july low aircraft sales see us durable goods sink in july

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 12:58 2017 Wednesday ,09 August

Israel ‘guilty of war crimes’ for Jerusalem

GMT 11:13 2017 Wednesday ,29 March

Seoul approves North Korea women's hockey visit

GMT 05:11 2017 Monday ,20 March

Rock ‘n’ roll pioneer Chuck Berry dead at 90

GMT 08:41 2017 Monday ,11 December

Christian Louboutin releases

GMT 11:15 2017 Monday ,14 August

Amir Karara decides to spend holiday in N.Coast

GMT 11:58 2017 Thursday ,02 March

Oman celebrates Crafts Day

GMT 12:15 2012 Wednesday ,25 July

New KIA Carens to debut at Paris motor show

GMT 13:56 2017 Saturday ,21 October

judged harshly because of success

GMT 20:46 2012 Saturday ,30 June

Brussels euro crisis summit fruitful

GMT 17:52 2017 Tuesday ,28 November

Tokyo stocks snap three-day winning streak

GMT 19:21 2017 Tuesday ,02 May

Infiniti Q60 Coupe: Born to perform

GMT 18:56 2012 Monday ,12 March

Geneva Motor Show

GMT 09:07 2017 Sunday ,30 April

Zafer Al Abdeen is ready for Ramadan

GMT 19:26 2017 Monday ,20 November

Kenya's Supreme Court upholds Kenyatta election win

GMT 08:50 2017 Friday ,01 December

Israel carries out Gaza strikes after mortar fire

GMT 00:11 2017 Monday ,13 March

Dubai surgeons repair 3-year-old girl’s heart

GMT 10:58 2011 Sunday ,11 September

Firework, music soiree greets Mid-Autumn Festival

GMT 18:22 2017 Monday ,04 December

Pure Package Wellness Awards 2018 entries now open
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday