Durable goods orders slow decline in July, better than expected

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July new orders for durable goods: -2.8% M/M vs. -4.0% consensus and -9.3% prior.

New orders, excluding transportation: +1.1% M/M vs. +0.1% consensus and +0.3% prior (revised from +0.2%).

Durable goods orders, excluding defense: -2.5% M/M vs. -3.6% consensus and -9.5% prior (revised from +9.4%).

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