New orders for US manufactured durable goods surged in June on the back of aircraft orders, rebounding from two consecutive declines, the country’s Commerce Department has reported.
Durable goods orders advanced 3.4% in June following a 2.1% decline in May and a 1.7% fall in April.
Excluding the volatile transportation equipment sector, durable goods orders rose 0.8% in June.
New orders for transportation equipment leaped 8.9%. Orders for aircraft and parts were sharply higher, with nondefense planes soaring 66.1% and those for defence up 16.9%.
Motor vehicle orders edged up 0.2%.
Among other gainers were computers, up 9.1%, and electrical equipment and appliances, up 2.8%.
Core capital orders - those for nondefense capital goods excluding aircraft - rose 0.9% after falling the previous two months.
Inventories rose 0.4% to $402.3 billion, their highest level since the data series was first published in 1992, the department noted.
