New orders for US durable goods rebounded in May, snapping a two month stretch of declines, according to Commerce Department data today.
Orders for products such as computers and equipment designed to last at least three years rose 1.1% in May over the previous month.
This followed a revised 0.2% dip in April and a 3.7% drop in March.
Aircraft and parts orders led the gains in May, with orders for defense aircraft surging 6.9% and those for civilian planes up 4.9%.
Excluding transportation, an often volatile sector, May durable goods orders rose 0.4%. Excluding defence, orders rose 0.7%.
