Economy
August 26, 2019
Durable Goods Orders Increase in July
Written by Sandy Williams
Orders for durable goods increased for a second month, gaining 2.1 percent in July, according the latest data from the Commerce Department. Transportation again led the gain with a surge of 47.8 percent for aircraft and parts. Excluding the volatile transportation category, durable goods orders were down 0.4 percent.
Core capital goods, non-defense minus aircraft and a measure of future investment, rose 0.4 percent. On a year-over-year basis, core capital goods saw the first decline since 2016, falling 0.3 percent.
