New orders for manufactured durable goods in July increased $7.7 billion or 4.0 percent to $201.5 billion, the U.S. Census Bureau announced today.
The report showed a return from weakness mainly in automobiles and aircraft manufacturing. And some renewed weakness in the defense sector.
Excluding transportation, new orders increased just 0.7 percent. Cars and auto parts grew a much more than expected 11.7% over June probably illustrating a recovery from the impacts of the Japanese earthquake and tsunami.
Commercial aircraft and parts also contributed to the positive report with a 7.9% month-over-month increase in shipments and a surprising increase of 43.4% in new orders.
The negative side of the report focused on defense spending. Military aircraft and parts shipments dropped 9.7% and new orders were 6.1%. In June the same sector had seen new orders drop more than 20%.
Immigration cost California much of its agricultural land and had devastating consequences on its natural…
A pro-Second Amendment group led a lawsuit Monday seeking to have New Jersey’s laws barring…
America’s emergency oil stockpile has fallen to 284.6 million barrels — and the Trump administration…
There is a reality we must acknowledge to begin moving toward national fiscal solvency and sanity — resources are finite. Accepting…
Claiming the First Amendment while feeding the algorithm doorway-grade content. The first rule of holes…
Hundreds of billions of dollars in apartment debt is coming due as property owners confront…