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US durable goods orders rise 0.3% in June 2026, missing forecasts

US durable goods orders rise 0.3% in June 2026, missing forecasts

Orders rebounded from May's decline, while core capital goods orders and shipments topped expectations, reinforcing signs of solid second-quarter business investment and economic growth.

Fact Check
Both the AA and InvestingLive reports independently confirm the +0.3% June 2026 durable goods orders figure and that it missed consensus forecasts (1.6% per AA, 2.5% per InvestingLive). Both confirm a rebound from a downwardly revised May decline. InvestingLive confirms core capital goods orders (+0.9%) beat the 0.8% expectation, and shipments rose (+0.7% per AA), supporting the claim that core capital goods orders and shipments topped expectations. All elements of the claim are corroborated by multiple sources reporting the same official Census Bureau advanced release.
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Summary

US-manufactured durable goods orders rose 0.3% month over month in June 2026, returning to growth after a revised 4.0% decline in May but missing market expectations for a 1.8% increase. Beneath the headline miss, the report pointed to firmer business investment: orders excluding transportation equipment increased 0.6%, core capital goods orders rose 0.9%, and core capital goods shipments jumped 1.9%, the fastest pace since December 2021. May's core capital goods orders figure was also revised up to a 1.9% gain from 1.4%, underscoring stronger corporate spending momentum. The shipments measure, which feeds into GDP calculations, strengthened the view that the US economy maintained solid growth in the second quarter and could see support from business equipment spending in upcoming GDP data. The stronger underlying details helped lift the dollar, with USD/JPY edging up to about 163.68, while EUR/USD and GBP/USD slipped after the release. Markets are likely to keep watching business investment data for clues on growth and how resilient economic activity may shape Federal Reserve policy expectations.

Terms & Concepts
  • core capital goods: Nondefense capital goods excluding aircraft, a closely watched proxy for business equipment spending.
  • GDP: Gross Domestic Product, the broad measure of a country's economic output.
  • Federal Reserve: The US central bank, which sets monetary policy and monitors economic data including investment trends.