US durable goods orders boosted by aircaft in June
Demand for goods made to last three-years or more grew more quickly than expected in June, boosted by a large increase in the oft-volatile category for non-defence aircraft and parts.
Orders for so-called durable goods rose by 3.4% month-on-month to reach $235,337 but were still down by 2.0% in comparison to the year-ago period, according to figures out from the Commerce Department.
The consensus forecast had been for an increase of 2.5%.
May’s fall was revised upwards by a touch, to reveal a decline of 2.1% over the month instead of the preliminary estimate of -2.2%.
Excluding the transportation sector orders rose by 0.8% versus May.
Orders for non-defence capital goods excluding those from the defence sector and for aircraft – so-called ‘core’ durable goods orders - increased by 0.9% month-on-month.