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.


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.