Large Durable Goods Orders Up in June

Large Durable Goods Orders Up in June

Large durable goods orders to US factories rose last month after sharp declines the prior months, driven by demand for commercial aircraft and cars. A category that tracks business investment had its biggest increase in 4 months.

The US Commerce Department said Thursday that orders for durable goods, items meant to last at least 3 years rose 2%, after a 2.3% decliner in May and a 2.8% fall in April.

A category that serves as a proxy for business investment rose 1.9%, its best showing since February.

Aircraft orders, typically a volatile category, jumped about 75%, after falling more than 50% in May and almost 40% in April. Orders for cars and auto parts increased 3.1%, its biggest increase since July of 2018.

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