Orders for US durable goods jump 3.4 percent in June, reflecting surge in commercial aircraft

Economic Indicators Associated Press

Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, reflecting a surge in demand for commercial aircraft. Meanwhile, a key category that reflects business investment rebounded after two months of declines.

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The Commerce Department says orders for durable goods jumped 3.4 percent in June from May, when orders had fallen 2.1 percent. The gain was the best result since March.

A category viewed as a proxy for business investment plans increased 0.9 percent, then best showing since a 1.6 percent rise in March. This category had declined in April and May and has been weak for a number of months.

U.S. manufacturers have struggled this year from the effects of a strong dollar and a big plunge in energy prices.