New orders for manufactured durable goods rose 4.4% to $228.9 billion in July, following a 4.2% decrease in June, according to the U.S. Census Bureau. Orders for transportation equipment drove the increase, rising 10.5% to $78.9 billion.
New orders excluding defense increased 3.8% on the month, as orders of nondefense capital goods rose 10.2% to $71.6 billion.
Shipments of manufactured durable goods increased 0.2% to $232.9 billion, after rising 0.5% in June.
Inventories of manufactured durable goods rose 0.3% to $383.0 billion, following a 0.1% June decrease. July’s increase followed six consecutive months of decreases.
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