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US Durable Goods Orders Post Surprise Gain on Defense Aircraft

  • Bookings climbed 1.9% in June; capital goods orders also rose
  • High inflation likely played role in boosting durables orders
A US flag above mattresses at Charlie Wilson's appliance and TV store in Clarksville, Indiana, US, on Thursday, June 30, 2022.

A US flag above mattresses at Charlie Wilson's appliance and TV store in Clarksville, Indiana, US, on Thursday, June 30, 2022.

Photographer: Luke Sharrett/Bloomberg
Updated on

Orders placed with US factories for durable goods rose unexpectedly in June, fueled by a surge in defense aircraft as well as sustained demand for equipment. 

Bookings for durable goods -- items meant to last at least three years -- increased 1.9% in June after a 0.8% advance a month earlier, Commerce Department figures showed Wednesday. However, the figures aren’t adjusted for inflation.