US durable goods orders fell sharply by -6.6% mom to USD 264.5 in June, much worse than expectation of 0.4% mom rise. However, ex-transportation orders rose 0.5% mom to USD 188.7B, above expectation of 0.2% mom. Ex-defense orders fell -7.0% mom to USD 247.6B. Transportation equipment drove the headline contraction and fell -20.5% mom to USD 75.8B.
