27 Jul, 2021

Orders for durable goods increased in June

Consumables are declining while durable goods are increasing. Kimberly Clarke reported reduced sales and now Lysol has done the same. Seems like the money pile keeps moving from one sector to another.

New orders for products meant to last at least three years increased 0.8% to a seasonally adjusted $257.6 billion in June as compared with May, the Commerce Department said Tuesday. Economists surveyed by The Wall Street Journal had estimated a 2% gain.

Wall Street Journal

Image by ErikaWittlieb from Pixabay

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About : Kevin Bae

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