by Bill McBride on 8/24/2012 08:30:00 AM
Friday, August 24, 2012
Durable goods is always very volatile. This increase was related to a large increase in aircraft orders (Nondefense aircraft and parts increased 14.1%), Ex-transportation, orders fell 0.4% in July.
From the Census Bureau: Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders
New orders for manufactured durable goods in July increased $9.4 billion or 4.2 percent to $230.7 billion, the U.S. Census Bureau announced today. This increase, up three consecutive months, followed a 1.6 percent June increase. Excluding transportation, new orders decreased 0.4 percent. Excluding defense, new orders increased 5.7 percent.Expectations were for a 1.9% increase in orders.
Transportation equipment, up five of the last six months, had the largest increase, $9.9 billion or 14.1 percent to $80.4 billion.