New orders for manufactured goods rose 1.9% to $454.8 billion in July, according to the U.S. Census Bureau. The July reading followed two consecutive monthly decreases.
New orders for manufactured durable goods increased 4.4% to $228.6 billion, after remaining unchanged in June. Orders for transportation equipment led the increase, rising 10.6% to $78.9 billion.
Shipments of manufactured durable goods, up three of the last four months, increased 0.1% to $232.7 billion, following a 0.4% increase in June. Computers and electronic products drove the increase, rising 1.7% to $27.1 billion.
Inventories of manufactured durable goods increased 0.4% to $383.1 billion following six consecutive monthly decreases. Transportation equipment led the increase in inventories, rising 0.4% to $123.7 billion.
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