US durable goods orders in July beat market expectations

US durable goods orders in July beat market expectations.
Orders increased 2.0% monthly while economists expected contraction by -0.4% after +3.4% growth in previous month, June. Further more, last month's date revised up from +3.4% to +4.1%.
Non-defense capital goods orders increased 2.2% from previous month, more than 1.4% growth rate in last month.

This signals private consumption economy in US is somewhat solid. This strong data is in line with retail sales data in June released earlier.

Overall, the economic indicators are mixed. But, actual economy is close to improvement as employment conditions continue to be robust, despite the woes about external uncertainties...