US manufacturing new orders dropped -4.8% MoM in June, after rising 8.3% MoM in May, driven by a sharp decline in transportation equipment orders.

• Excluding transportation, manufacturing orders were up 0.4% MoM and 0.6% YoY.
• Durable goods orders dropped -9.4% MoM, and were partially offset by an 0.5% MoM rise in nondurable goods orders.
• Nondefense capital goods (ex-aircraft) dropped -0.8% MoM after a 1.9% MoM rise previously. Shipments in the category were up just 0.3% MoM.
• Total manufacturing unfilled orders continued their gains, rising 1.0% MoM and 7.2% YoY with capital goods unfilled orders up 1.4% MoM and 9.8% YoY.