Economics
U.S. Durable Goods Orders Jump in May on Planes, Transportation
- Bookings for durable goods increased 2.3% from the prior month
- Non-defense goods orders excluding aircraft fell by 0.1%
Photographer: Luke Sharrett/Bloomberg
This article is for subscribers only.
Orders for U.S. durable goods rose in May at the fastest pace since January, bolstered by a sizable gain in orders for commercial planes.
Bookings for durable goods -- or items meant to last at least three years -- increased 2.3% from the prior month, after a revised 0.8% decrease in April, Commerce Department figures showed Thursday. Orders excluding transportation equipment rose 0.3%.