Economic Buzz: US Durable Goods Order Increase In June

28 Jul 2022 , 09:48 AM

Reflecting a sharp increase in orders for transportation equipment, the Commerce Department released a report showing an unexpected surge in new orders for U.S. manufactured durable goods in the month of June. Durable goods orders jumped by 1.9 percent in June after climbing by 0.8 percent in May. Excluding the spike in orders for transportation equipment, durable goods orders rose by 0.3 percent in June following a 0.5 percent increase in May.Powered by Commodity Insights