New orders for manufactured durable goods increased $1.1 billion, or 0.3%, from the previous month to $334.8 billion in June, the U.S. Census Bureau said in its most recent advance report. The increase followed a 4% May decrease. Excluding transportation, new orders increased 0.6%. Excluding defense, new orders increased 0.3%. Computers and electronic products drove the increase, $900 million or 3.1% to $31.1 billion.
Banking agencies expand bank eligibility for extended exam schedule
The federal banking agencies announced they are raising the asset threshold that certain banks must fall under to qualify for an extended 18-month examination schedule rather than a 12-month schedule.
