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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.

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