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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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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