Sales of US Manufactured Goods Take Flight in August

A surge in civilian aircraft purchases sparked a surprise jump in sales of big-ticket manufactured U.S. goods in August, according to government data released Monday. Durable goods orders rose 1.8% compared to July, to $263.5 billion, taking flight on a nearly 78% increase in non-defense aircraft orders, the Commerce Department reported, a jump largely due to Boeing.

But excluding transportation equipment, total orders edged up just 0.2%, slowing from recent months but still reflecting rising investment. Total orders have increased in 15 of the past 16 months, and the originally reported dip in July was revised up to show a 0.5% increase, according to the report. In other sectors, orders of motor vehicles and parts fell 3.1% while computers and electronics rose 1.4 percent.

Read more here: https://www.industryweek.com/the-economy/data-and-statistics/article/21176572/sales-of-us-manufactured-goods-take-flight-in-august?utm_source=IY%20IW%20Daily%20Headlines%20-%20Afternoon&utm_medium=email&utm_campaign=CPS210924085&o_eid=7018G2317967B8L&rdx.ident%5Bpull%5D=omeda%7C7018G2317967B8L&oly_enc_id=7018G2317967B8L