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Omaha Steve

(99,070 posts)
Mon Jul 27, 2015, 09:06 AM Jul 2015

Orders for US durable goods jump 3.4 percent in June

Source: AP

By MARTIN CRUTSINGER

WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, reflecting a surge in demand for commercial aircraft. Meanwhile, a key category that reflects business investment rebounded after two months of declines.

Orders for durable goods jumped 3.4 percent in June from May, when orders had fallen 2.1 percent, the Commerce Department reported Monday. The gain was the best result since March.

A category viewed as a proxy for business investment plans increased 0.9 percent, then best showing since a 1.6 percent rise in March. This category had declined in April and May and had been weak for a number of months. Some economists are hopeful that manufacturing will show stronger gains in coming months as consumers boost spending.

U.S. manufacturers have struggled this year from the effects of a strong dollar and a plunge in energy prices. The higher value of the dollar against foreign currencies makes U.S. goods more expensive and less competitive in major export markets. The big drop in oil prices has led energy companies to cut investment plans.

FULL story at link.

Read more: http://bigstory.ap.org/article/a56ae88112a34aaf987e45456379ea46/orders-us-durable-goods-jump-34-percent-june

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Orders for US durable goods jump 3.4 percent in June (Original Post) Omaha Steve Jul 2015 OP
Thanks. Here's the link to the Census Bureau. mahatmakanejeeves Jul 2015 #1

mahatmakanejeeves

(56,896 posts)
1. Thanks. Here's the link to the Census Bureau.
Mon Jul 27, 2015, 09:36 AM
Jul 2015
U.S. Census Bureau Economic Indicators

Advance Report on Durable Goods Manufacturers' Shipments, Inventories, and Orders

June 2015 Advance Report released July 27, 2015 at 8:30 A.M. EDT

FOR IMMEDIATE RELEASE
MONDAY, JULY 27, 2015, AT 8:30 A.M. EDT

Adriana Stoica
Economic Indicators Division
(301) 763-4832

M3-1 (15)-06
CB 15-125

Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders
June 2015


New Orders

New orders for manufactured durable goods in June increased $7.7 billion or 3.4 percent to $235.3 billion, the U.S. Census Bureau announced today. This increase, up following two consecutive monthly decreases, followed a 2.1 percent May decrease. Excluding transportation, new orders increased 0.8 percent. Excluding defense, new orders increased 3.8 percent.

Transportation equipment, also up following two consecutive monthly decreases, led the increase, $6.4 billion or 8.9 percent to $78.4 billion.

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