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Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Orders for Durable |Goods Surged in July

(CN) - Orders placed with U.S. manufacturers surged in July, lifted in part by a marked increase in orders for commercial aircraft.

New orders for manufactured durable goods in July increased $9.7 billion or 4.4 percent to $228.9 billion, the Commerce Department reported Thursday.

Orders for durable goods jumped 4.4 percent in July, rebounding from a 4.2 percent decline in June.

Orders for commercial aircract rose 1.6 percent in July, up from a 0.5 percent rise in June. It was the best showing in this category in six months.

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