US EditionUS durable goods orders soar in May on aircraft
- U.S. durable goods orders increased sharply by 16.4% in May after a 6.6% decline in April, according to new Census Bureau data released Wednesday.
- This rebound occurred amid a surge in transportation equipment orders, especially commercial aircraft, driven by Boeing's 303 aircraft sales including 150 to Qatar Airways during a U.S. diplomatic visit.
- Besides aircraft, overall shipments rose 0.2% with gains in electronics, machinery, and capital goods sectors, signaling a recovering manufacturing momentum despite tariff-related uncertainties.
- The Federal Reserve maintained interest rates at 4.25%-4.50% last week and indicated a 'wait and see' stance while monitoring core business spending and inflation impacts from tariffs.
- The sharp order increase suggests improving economic activity but analysts caution heightened aircraft orders cause volatility and persistent business concerns over trade policies remain.
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U.S. Durable-Goods Orders Jump in May on Aircraft Surge, But Core Investment Also Strengthens
New orders for durable goods rose sharply in May, propelled by a surge in aircraft contracts and a broader rebound in business investment. Orders for long-lasting manufactured goods increased 16.4 percent from the prior month to a seasonally adjusted $343.6 The post U.S. Durable-Goods Orders Jump in May on Aircraft Surge, But Core Investment Also Strengthens appeared first on Breitbart.
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Total News Sources10
Leaning Left1Leaning Right3Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
11%
C 56%
R 33%
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