Aviation fuels surge in durable goods orders
June 26, 2013
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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