USA Core Durable Goods Orders Increase Roughly in Line with Expectations

Economics Research 27 July 2026 | 10:02AM EDT

USA: Core Durable Goods Orders Increase Roughly in Line with Expectations

BOTTOM LINE: New orders for durable goods rose 0.3% in June, below Jan Hatzius | expectations, reflecting decreases in new orders for defense aircraft, motor vehicles, Goldman Sachs & Co. LLC

and fabricated metal products and an increase in new orders for computers and David Mericle | electronic products. Durable goods orders ex-transportation and core capital goods Goldman Sachs & Co. LLC orders increased in line with expectations while core capital goods shipments increased well above expectations. The details of the durable goods report were Alec Phillips | Goldman Sachs & Co. LLC roughly in line with our previous GDP tracking assumptions. We left our Q2 GDP tracking estimate unchanged at +2.6% (quarter-over-quarter annualized). Our Q2 Ronnie Walker | domestic final sales estimate stands at +2.7%. Goldman Sachs & Co. LLC

US MAP: Elsie Peng | Goldman Sachs & Co. LLC Durable goods orders ex-transport 0 (4, 0) Pierfrancesco Mei | KEY NUMBERS: Goldman Sachs & Co. LLC

Durable goods orders +0.3% (MoM) for June vs. GS +1.0%, median forecast +1.8%, Jessica Rindels | prior revised -4.0% Goldman Sachs & Co. LLC

Durable goods orders ex-transportation +0.6% (MoM) for June vs. GS +0.6%, median forecast +0.8%, prior revised +1.8%

Core capital goods orders +0.9% (MoM) for June vs. GS +0.6%, median forecast +0.7%, prior revised +1.9%

Core capital goods shipments +1.9% (MoM) for June vs. GS +0.6%, median forecast +0.6%, prior revised +0.2%

1. New orders for durable goods rose 0.3% in June, below expectations, reflecting decreases in new orders for defense aircraft, motor vehicles, and fabricated metal products and an increase in new orders for computers and electronic products. Core capital goods orders (0.9%) and durable goods orders ex-transportation (0.6%) increased roughly in line with expectations while core capital goods shipments increased 1.9%, well above expectations and the largest monthly increase since 2021. May growth was revised up for durable goods orders (0.5pp to -4.0%), durable goods orders ex-transportation (+0.4pp to +1.8%), core capital goods orders (+0.5pp to +1.9%), and core capital goods shipments (+0.1pp to +0.2%). Manufacturing inventories rose 0.1%.

2. The details of the durable goods report were roughly in line with our previous GDP tracking assumptions. We left our Q2 GDP tracking estimate unchanged at +2.6%

Investors should consider this report as only a single factor in making their investment decision. For Reg AC certification and other important disclosures, see the Disclosure Appendix, or go to

(quarter-over-quarter annualized). Our Q2 domestic final sales estimate stands at +2.7%.