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U.S. durable goods orders up 6.5 percent in June

Staff Writer |
Orders for long-lasting U.S. factory goods posted the biggest gain in nearly three years last month, pulled up by a surge in demand for civilian aircraft.

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The Commerce Department said that orders for durable goods climbed 6.5 percent in June, reversing two straight monthly drops.

The June increase was the biggest since July 2014.

The bulk of the increase came from a 131.2 percent surge in orders for civilian aircraft, a category that bounces around wildly from month to month. Excluding orders transportation equipment, which rose 19 percent overall, durable goods orders edged up just 0.2 percent last month.

Moreover, a number that is seen as a harbinger of future business investment — orders for capital goods, excluding military equipment and aircraft — slipped 0.1 percent in June.

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