Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Durable Goods Orders Rebounded In May

WASHINGTON (UPI) — The Commerce Department said U.S. durable goods orders rose 1.1 percent in May, a gain that exceeded the 0.4 percent rise economists expected.

New orders in May rose to $217.2 billion following two consecutive months of declines, including a 0.2 percent drop in April.

Transportation orders in May had the largest increase, jumping for the third month out of the past four.

Transportation orders rose by 2.7 percent to $63.1 billion, a gain of $1.7 billion.

Within transportation, commercial aircraft and parts rose by $400 million.

With transportation orders excluded, new orders rose by 0.4 percent in May.

Shipments of manufactured durable goods rose by 0.7 percent to $224.1 billion, rising for the fifth month out of the past six. Shipment of transportation goods posted the largest gains, rising by $1 billion or 1.6 percent to $65.1 billion.

Non-defense capital goods orders rose 1.3 percent to $70.4 billion. Defense-oriented capital goods orders rose by 7.8 percent to $6.9 billion in the month, the department said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “Durable Goods Orders Rebounded In May”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.