US durable goods orders jump

Written By Unknown on Kamis, 25 Juli 2013 | 23.09

NEW orders for big-ticket US manufactured goods rose 4.2 per cent in June, led by demand for aircraft.

Orders for durable goods, long-lasting manufactured products, rose to $US244.5 billion ($A268 billion), an increase of $US9.9 billion from May, the Commerce Department said on Thursday.

Analysts had predicted a much smaller 1.8 per cent increase on average.

The May reading was revised sharply higher to $US234.6 billion from an initial estimate of $US231.0 billion.

The June reading was the fourth increase in durable goods orders in the past five months.

But transportation equipment orders, a typically volatile item, drove the increase.

Civilian aircraft orders soared 31.4 per cent and defence aircraft orders jumped 18.7 per cent.

Orders were flat excluding transportation.

Excluding defence, orders rose 3.0 per cent.

On a year-over-year basis, new orders were up 3.7 per cent.


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