U.S. Durable Goods Orders Increase 4.9% on Aircraft

Bloomberg reports:

Orders for U.S. goods meant to last several years jumped in July by the most in two years, stoked by a surge in demand for aircraft and communications equipment.

Bookings for durable goods climbed 4.9 percent, exceeding forecasts and the most since July 2007, the Commerce Department said today in Washington. Excluding transportation gear, orders increased 0.8 percent, a third consecutive gain.