The broad increase in the so-called core capital goods orders and shipments last month was powered by robust demand for computers and electronic products as well as electrical equipment, appliances and components. Economists polled by Reuters had forecast core capital goods orders would advance 0.8% after a previously reported 1.4% jump in May. Core capital goods orders rose ‌9.3% year-on-year in June. The largest advance in shipments since December 2021 was led by computers and electronic products, and machinery. Nondefense capital goods orders increased 1.2% and shipments of these goods rose 1.5%.