Durable Goods Orders Rose 1.0 percent in June

New orders for manufactured durable goods increased 1.0 percent in June to $251.9 billion, following a 0.6 percent May decline, according to the U.S. Census Bureau. Transportation equipment led the increase, rising 2.2 percent to $87.7 billion over the month. New orders, excluding the transportation sector, rose 0.4 percent.

Excluding defense, new orders increased 1.5 percent.

Shipments of manufactured durable goods increased 1.7 percent to $251.6 billion.

Inventories of manufactured durable goods decreased 0.1 percent to $402.8 billion, following 17 consecutive monthly increases. This followed a 0.3 percent May increase.

Read the Census release.

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About Author

Monica C. Meinert

Monica C. Meinert is deputy editor of the ABA Banking Journal and editorial director at the American Bankers Association, where she oversees ABA Daily Newsbytes.