Durable Goods Orders Up 3.6% In May, A Good Sign For Manufacturing

[Purveyor]

Source: LA TIMES

By Jim Puzzanghera
June 25, 2013, 6:29 a.m.

WASHINGTON -- Orders for airplanes, computers and other long-lasting durable goods rose more than expected in May, the third increase in four months and a sign of strengthening in the vital manufacturing sector.

Durable goods orders rose 3.6% in May from the previous month to $231 billion, the Commerce Department said Tuesday. Analysts had expected a 3% rise.

The May increase matched a revised 3.6% rise in April. Durable goods orders were down 5.9% in March, largely because of slumping demand for aircraft.

Orders for aircraft and other big-ticket transportation equipment are an important factor in the monthly data.



Read more: http://www.latimes.com/business/money/la-fi-mo-durable-goods-manufacturing-economy-20130625,0,1291014.story