New orders for U.S. manufactured durable goods rose by 1.4 percent in June, the best showing in three months, the Commerce Department reported Thursday.
The gain in demand for durable goods, big-ticket items expected to last for at least three years, followed a 2.3 percent decline in May.
Data showed that orders for transportation products, which account for more than one quarter of total durable goods orders, jumped 6.1 percent in June, compared to a drop of 7.0 percent in the previous month.
Of that, orders for commercial aircraft and parts, which can be extremely volatile from month to month, surged by 28.7 percent, following a 21.0 percent plunge in May.
Demand for motor vehicles and parts, however, declined by 1.4 percent, after a 2.0 percent rise in May.
Excluding volatile transportation product orders, total durable goods orders would have decreased by 0.5 percent last month, sharper than the 0.2 percent decline in the previous month.
Demand for non-defense capital goods excluding aircraft, a closely watched guide to business investment plans, declined by 0.7 percent in June after dropping 1.5 percent in May.
The nation's manufacturing activity continued to expand during June and early July, according to a nationwide survey released Wednesday by the Federal Reserve.
Source: Xinhua
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