Durable goods orders increased in July
New orders for manufactured durable goods increased $0.6 billion or 0.3 percent in July to $193.0 billion, the U.S. Census Bureau announced today.
This increase followed two consecutive monthly decreases including a 0.1 percent June decrease.
The transportation industry led the way, increasing 13.1 percent to $52.6 billion, primarily based on a $4 billion increase in nondefense aircraft and parts.
Excluding transportation, new orders decreased 3.8 percent. Excluding defense, new orders increased 0.3 percent.
Shipments of manufactured durable goods increased $4.4 billion or 2.2 percent to $200.6 billion. This followed a 0.2 percent June increase.
Unfilled orders decreased $1.1 billion or 0.1 percent to $802.8 billion. This followed a 0.1 percent June increase.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
