New orders for manufactured durable goods decreased $32.1 billion or 9.3% in June to $311.8 billion, the U.S. Census Bureau said in its most recent advance report. The increase followed a 16.5% May increase. Excluding transportation, new orders increased 0.2%. Excluding defense, new orders decreased 9.4%. Transportation equipment drove the decrease, $32.6 billion or 22.4% to $113 billion.
ABA DataBank: Consumer prices increased at a slower pace
Elevated inflation will continue to weigh on consumer and business sentiment, erode purchasing power and dampen real economic growth, ABA economists said. This could be a headwind for loan demand, particularly for interest rate sensitive products such as...









