US manufacturing new orders fell -1.3% MoM in July after a -4.8% MoM drop in June with durable goods new orders down -2.8% MoM and non-durable goods new orders up 0.3% MoM.

• Excluding transportation, new orders were actually up 0.6% MoM in July and 0.4% MoM in June.
• Within industries, primary metals (+1.6% MoM), machinery (+1.9% MoM), and electrical equipment (+1.9% MoM) all saw robust new order growth.
• Total manufacturing shipment growth was 0.9% MoM in July, even faster than the 0.6% MoM increase in June.
• The nondefense capital goods (ex-aircraft) segment saw shipments up for the third straight month, growing 0.7% MoM, and the segment also saw robust new order growth at 1.1% MoM.
• Manufacturing unfilled orders were up 7.1% MoM due to large aircraft unfilled orders. The core capital goods segment only saw unfilled orders up 0.4% MoM.