Big-Ticket Goods Orders, Pending Home Sales Point to Steady Demand
Share this @internewscast.com



Orders for long-lasting goods and the number of houses going under contract in the U.S. both rose last month, signs that demand is holding up as economic growth slows.

Orders for durable goods rose 0.7% in May, driven by increases in big-ticket items including cars, computers and military aircraft. The pending home sales index, an indicator of home sales based on contract signings, also rose 0.7% on the month to 99.9, the National Association of Realtors said.

Share this @internewscast.com
You May Also Like

Ethereum Name Service founder reflects as 2 million registration mark nears

The proliferation of the internet brought the world to the fingertips of…

News Corp Posts Revenue Growth, Boosted by Dow Jones

News Corp said revenue increased by 7.3% in the latest quarter, thanks…

‘The Orville’ Getting Renewed For Season 4 Could Depend On Disney Plus

The Orville Hulu The Orville has had a pretty wild journey over…

5 Ways Technology Can Boost Your Startup’s Productivity

Opinions expressed by Entrepreneur contributors are their own. Navigating growth as a…

FTX, Bybit rise in web traffic despite overall traffic drop on CEXs

The ongoing cryptocurrency winter has triggered an overall decline in interest in…

De Jong Fan Treatment In Gamper Trophy Could Decide Player’s FC Barcelona Future

Frenkie de Jong could be treated badly by FC Barcelona fans today…

China’s Export Growth Stays Unexpectedly Robust, Offsetting Broader Weakness

HONG KONG—China’s export machine remained surprisingly resilient in July following a strong…

IBM Research Albany Nanotech Center Is A Model To Emulate For CHIPS Act

IBM Research 2016 Albany Site IBM With the passage of the CHIPS+…