Durable Goods Orders Climbed 6.5% in June

New orders for manufactured durable goods increased 6.5% in June to $245.6 billion, following a 0.1% May decrease, according to the U.S. Census Bureau.

New orders excluding defense grew 6.7% on the month, while orders of nondefense capital goods jumped 21.0% to $84.6 billion.

Shipments of manufactured durable goods, down in three of the last fourth months, decreased $0.1 billion, virtually unchanged at $236.0 billion. This followed a 1.2% increase in May.

Inventories of manufactured durable goods continued to rise, growing 0.4% to $397.0 billion, following a 0.1% May increase and growth in eleven of the last twelve months.

Read the Census release.

About Stephen Newton

Stephen Newton is an economic research associate at ABA.
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