Economy
July 25, 2018
Durable Goods Orders Rise 1 Percent in June
Written by Sandy Williams
Durable goods orders, orders for items expected to last three years or more, increased 1.0 percent in June to $251.9 billion, according to the latest data from Commerce. The increase follows two consecutive monthly decreases.
Transportation equipment orders led the gain with civilian aircraft recouping some of its 11.6 percent loss in May by jumping 4.3 percent in June. Auto and auto parts orders rose 4.4 percent, the segment’s biggest increase since March 2015 after falling 4.5 percent in May. The surge may be due to inventory build-up in advance of potential tariffs on autos and auto parts proposed by the administration.
