June Durable Goods Orders Up 3.4%

Washington, DC, July 27, 2015—New orders for manufactured durable goods in June increased $7.7 billion or 3.4% to $235.3 billion, the U.S. Census Bureau has announced.

This increase, up following two consecutive monthly decreases, followed a 2.1% May decrease.

Excluding transportation, new orders increased 0.8%.

Excluding defense, new orders increased 3.8%.

Transportation equipment, also up following two consecutive monthly decreases, led the increase, $6.4 billion or 8.9% to $78.4 billion.

Inventories of manufactured durable goods in June, up twenty-four of the last twenty-five months, increased $1.6 billion or 0.4% to $402.3 billion. This was at the highest level since the series was first published on a North American Industry Classification System basis in 1992 and followed a 0.2% May decrease.

Transportation equipment, up two of the last three months, led the increase, $0.7 billion or 0.5% to $130.8 billion.