Durable Goods Orders
Orders rose 7.3% in June, which was fueled by an 86% increase in orders for autos and auto parts. This is simply meeting pent up demand, following the shutdowns in March and April. Aircraft orders plunged, as Boeing (BA) suffered nearly 200 cancellations and landed only one new order. If we strip out autos and transportation, then durable-goods orders rose 3.3%. I expect to see much more modest increases in durable-goods orders moving forward.
Source: MarketWatch
Consumer Confidence
The index for consumer confidence declined from 98.3 in June to 92.6 in July.