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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