Posted August 27, 2014
Durable goods orders soar in July
New orders for manufactured durable goods increased 22.6 percent in July to $300.1 billion, the U.S. Census Bureau announced.
Most of the gain came from a 318 percent increase in non-defense aircraft. Outside of transportation, new orders decreased 0.8 percent.
Shipments of manufactured durable goods increased 3.3 percent in July to $248.9 billion.
Inventories increased 0.5 percent to $401.9 billion.