Economy
July 28, 2017
Durable Goods Orders Jump 6.5% on Aircraft Orders
Written by Sandy Williams
Orders for durable goods jumped 6.5 percent in June for the largest increase since July 2014, said the Commerce Department on Thursday. Most of the gain, however, was due to a 131.2 percent surge in orders for commercial aircraft. Excluding aircraft and transportation, orders rose a more modest 0.2 percent.
Core capital goods, which exclude defense and aircraft and is an indicator of future business spending, dipped 0.1 percent last month after a 0.7 percent gain in May.
