Posted August 27, 2024
Transporation drives latest durable goods increase
New orders for manufactured durable goods in July, up five of the last six months, increased $26.1 billion or 9.9% to $289.6 billion, the U.S. Census Bureau announced.
This followed a 6.9% June decrease.
Excluding transportation, new orders decreased 0.2%. Excluding defense, new orders increased 10.4%.
Transportation equipment, up two of the last three months, drove the increase by $26.4 billion – or 34.8% – to $102.2 billion.
INDUSTRIAL SUPPLY MAGAZINE
The July/August issue of Industrial Supply magazine features an in-depth cover story about Singer Industrial. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and Rachael Radford, as well as interviews with numerous product and distribution industry experts.
