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Durable-goods orders expected up for fourth month out of five
Orders for long-lasting goods such as autos, airplanes and appliances likely increased in June for the fourth month out of the past five, according to economists’ forecasts for data to be released Friday.

Economists polled by MarketWatch expect the government to report that durable-goods orders rose 0.2% in June, reversing a 1% decline in May.

The monthly report on durable goods is one of the most volatile the government produces and large swings often occur from one month to the next. Economists like to slice and dice the report because transportation and defense orders are so volatile.

For Wall Street, a key metric is nondefense orders of capital goods excluding aircraft. Those orders rose 0.7% in May after a 1.1% decline in April and a huge 4.7% jump in March.

Underneath it all, the trend is fairly positive, said Sal Guatieri, senior economist at BMO Capital Markets.

“We think the trend in business investment is upwards,” Guatieri said, noting that job growth has been strong.

“The two tend to go hand-in-hand,” he said.

Equipment is expected to boost growth in the second quarter, after it trimmed growth in the first three months of the year by 0.2 percentage points, said Michael Gapen, economist at Barclays. http://blogs.marketwatch.com/capitolreport/2014/07/24/durable-goods-orders-expected-up-for-fourth-month-out-of-five/