The Commerce Department will publish its final report on factory and durable-goods orders during June at 10 a.m. ET.
The final report is expected to show that manufacturers are still struggling to boost sales amid slow global demand for their goods. Business capital spending has also slowed, especially in the energy sector.
The advance report showed that factory orders fell 1%, and economists are expecting a downward revision to -1.9%, according to Bloomberg.
Durable goods orders fell 4%, the biggest drop in almost two years, according to the advance release. Orders for goods built to last excluding the volatile transportation category declined by 0.5%. The data showed a big drop in orders for commercial aeroplanes.
More to come …
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