US durable goods orders surge in June, driven by Boeing

boeing dl aerospace tech defence australia us jet — Loyal Wingman test flights continue to expand the flight envelope.Company photo: Boeing

Orders for goods made to last for more than three years surged last month, driven by orders for civilian jets.

Boeing Co.

$147.47

05:45 22/11/24

2.83%

$4.06

Dow Jones I.A.

44,114.28

04:30 15/10/20

n/a

According to the U.S. Department of Commerce, in seasonally adjusted term durable goods orders jumped at a month-on-month pace of 4.7% to reach $302.5bn.

Economists polled by Dow Jones Newswires had forecast a rise of 1.5%.

The previous month's increase in total durable goods orders was revised up by two tenths of a percentage point to 2.0%.

Nevertheless, excluding the transportation sector, orders were up by 0.6% on the month (consensus: 0.0%).

Transportation orders climbed by 12.1% to 115.3bn, driven by a 69.4% rise in those for civilian aircraft and parts to $37.13bn.

Capital goods orders excluding defence and aircraft were up by 0.2% to $74.1bn (consensus: -0.1%).

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