Sign in to comment!



Orders for US durable goods up 0.7 percent in June led by solid gain in business investment

ff85b02345d67410VgnVCM100000d7c1a8c0____-Durable Goods-1.jpg

In this March 14, 2014 photo, an assembly line worker works on a 2015 Chrysler 200 automobile at the Sterling Heights Assembly Plant in Sterling Heights, Mich. The Commerce Department releases durable goods for June on Friday, July 25, 2014. (AP Photo/Paul Sancya) (The Associated Press)

Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans.

The Commerce Department says that orders for durable goods increased 0.7 percent in June on a seasonally adjusted basis following a 1 percent decline in May.

A category viewed as a proxy for business investment plans rose a solid 1.4 percent, recovering after a revised 1.2 percent drop in May. It was the best showing since orders in this core capital goods category rose 4.7 percent in March.

The strength last month came from solid gains in demand for commercial aircraft and machinery. Economists expect economic activity will strengthen in the second half of the year, helped by stronger factory production.