Orders For Durable Goods Increase 1.4% In June

Transportation equipment saw largest increase

New orders for manufactured durable goods in June increased $3.0 billion or 1.4 % to $217.1 billion, the U.S. Census Bureau announced July 26. This was the fourth increase in the last five months and followed a 2.3% May decrease.

Excluding transportation, new orders decreased 0.5%. Excluding defense, new orders increased 1.9%.

Transportation equipment, up following two consecutive monthly decreases, had the largest increase, $3.8 billion or 6.1% to $66.2 billion. This was led by nondefense aircraft and parts, which increased $4.1 billion.

Inventories of manufactured durable goods in June, up sixteen consecutive months, increased $0.7 billion or 0.2% to $313.4 billion.

Nondefense new orders for capital goods in June increased $3.4 billion or 4.6% to $76.2 billion. Defense new orders for capital goods in June decreased $1.1 billion or 13.9% to $7 billion.

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