Industrials

US Durable Goods Orders Spike 16 Percent in May, Led by Transportation Growth

Recent commercial aircraft deals have boosted the country’s transportation sector and suppliers, analysts say.
US Durable Goods Orders Spike 16 Percent in May, Led by Transportation Growth
A logo on the Boeing stand on the opening day of the Farnborough International Airshow in the southwest of London, on July 22, 2024. Justin Talli/AFP via Getty Images
Wesley Brown
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New orders of manufactured durable goods in the United States jumped 16.4 percent in May, nearly doubling the current forecast and greatly surpassing April’s revised orders, the U.S. Census Bureau reported on June 26.

The monthly advance report from U.S. manufacturers, which could be revised, shows that new orders for durable goods in May increased by $48.3 billion, or 16.4 percent, to $343.6 billion. The consensus forecast had been set at 8.6 percent.

Wesley Brown
Wesley Brown
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Wesley Brown is a long-time business and public policy reporter based in Arkansas. He has written for many print and digital publications across the country.