Advance: June Durable Goods Orders Jump 4.7% from May - Modern Distribution Management

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Advance: June Durable Goods Orders Jump 4.7% from May

It was the fourth consecutive monthly increase, and more than twice the increase of May.
Durable Goods US Census (nataliyahora via Canva)

New U.S. orders for manufactured durable goods are up for the fourth consecutive month.

June orders increased $13.6 billion from May to $302.5 billion, according to advance data released by the U.S. Census Bureau on July 27. The 4.7% increase in new orders for manufactured durable goods in June follows a 2.0% increase to $288.9 billion in May from the previous month and a 1.2% increase in April from March.

The increase was led by transportation equipment orders, which were up 12.1% (or $12.4 billion) to $115.3 billion. This category has also been up for four consecutive months.

Excluding transportation, new orders increased 0.6%. Excluding defense, new orders increased 6.2%

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