US Durable Goods Orders Surge in July

New orders for manufactured durable goods jumped 22.6 percent in July of 2014 boosted by higher demand for non-defense aircraft. It is the highest growth rate on record and follows a revised 2.7 percent increase in June.
US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com 8/26/2014 2:08:15 PM
New orders for manufactured durable goods in July increased $55.3 billion to $300.1 billion.

Excluding transportation, new orders decreased 0.8 percent and excluding defense, new orders increased 4.9 percent. Transportation equipment, also up five of the last six months, drove the increase, $56.6 billion or 74.2 percent to $133.0 billion.

Nondefense new orders for capital goods in July increased $51.5 billion or 60.8 percent to $136.3 billion. Shipments increased $1.1 billion or 1.4 percent to $79.1 billion. Unfilled orders increased $57.2 billion or 8.6 percent to $725.2 billion. Inventories increased $2.3 billion or 1.2 percent to $184.2 billion. 

Defense new orders for capital goods in July decreased $1.5 billion or 15.3 percent to $8.6 billion. Shipments increased $0.2 billion or 1.7 percent to $9.6 billion. Unfilled orders decreased $1.0 billion or 0.6 percent to $159.5 billion. Inventories decreased $0.2 billion or 1.0 percent. 

US Durable Goods Orders Surge in July