Durable Goods Orders Rose 2.1% in July

Washington, DC, August 26, 2019-New orders for manufactured durable goods in July increased $5.0 billion or 2.1% to $250.4 billion, the U.S. Census Bureau announced. 

This increase, up two consecutive months, followed a 1.8% June increase. 

Excluding transportation, new orders decreased 0.4%. Excluding defense, new orders increased 1.4%. Transportation equipment, also up two consecutive months, drove the increase, $5.7 billion or 7.0% to $86.3 billion.

Shipments of manufactured durable goods in July, down following two consecutive monthly increases, decreased $2.9 billion or 1.1% to $254.0 billion. This followed a 1.0% June increase. Transportation equipment, also down following two consecutive monthly increases, led the decrease, $1.8 billion or 2.1% to $86.4 billion.