The durable goods manufacturing index decreased by 1.3% in July from June but is 4.4% higher than a year ago, according to the U.S. Federal Reserve. In July, growth came mostly from motor vehicles and parts (+6.6%); fabricated metal products (+2.1%); aerospace and miscellaneous transportation (+1.5%); miscellaneous manufacturing (+1.2%); and machinery (+0.5%). Notable decreases came from primary metals (-0.9%); electrical equipment, appliances, and components (-1.4%); and furniture and related products (-1.6%).
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