Aviation fuels surge in durable goods orders

June 26, 2013


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As has been typical in recent months, as goes the commercial aircraft industry, so go durable goods orders. New orders for manufactured durable goods in May increased $8.0 billion, or 3.6%, from April to $231.0 billion, the U.S. Census Bureau said. The increase — the third in four months — matches the 3.6% in April over March.

The key to the surge was a 51% jump in orders for nondefense aircraft and parts. If you exclude transportation equipment, durable goods orders were up — but only by 0.7%.

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