Off the wire
• Swiss police report less theft, more arrests at Paleo music festival  • Roundup: French farmers lift road blocks at German border  • France, Britain vow to bolster digital economy  • LME base metals close mixed on Monday  • 1st LD Writethru: UN chief condemns deadly hotel attack in Somalia  • FTSE 100 drops by 1.13 pct on China stock slump  • Roundup: Cypriot authorities excavate for debris of plane downed 41 years ago  • Manchester City crashes Vietnam 8-1 in friendly match  • British FinMin in Paris to seek support for EU reforms  • Roundup: Indian police station attack kills 10  
You are here: 　 Home

U.S. durable goods orders increase in June

Xinhua, July 28, 2015 Adjust font size:

New orders for U.S. manufactured durable goods increased at a higher-than-expected rate in June, the U.S. Commerce Department reported on Monday.

Orders for durable goods rose 3.4 percent in June from a month ago to 235.3 billion U.S. dollars, following two consecutive monthly declines. In May, the durable goods orders fell 2.1 percent.

Orders for transportation equipment, also up following two consecutive monthly decreases, led the increase. The orders for transportation rose 8.9 percent to 78.4 billion dollars.

Excluding the volatile transportation sector, new orders for manufactured durable goods increased 0.8 percent in June, suggesting business investment is slowly starting to pick up.

An industry survey showed economic activity in the U.S. manufacturing sector picked up expansion pace in June, which supported business investment. The manufacturing index, also known as the purchasing managers index (PMI), registered 53.5 in June, up from May's reading of 52.8, the Institute for Supply Management (ISM) said in a report early this month. Endite