Wall Street Journal (07/27/15) David Harrison; Eric Morath
Orders for durable goods increased in June, ending two months of declines. New orders for durable goods rose a seasonally adjusted 3.4% in June from May, according to the U.S. Department of Commerce. Economists polled by the Wall Street Journal had forecast orders would increase 2.7%.
The increase in June in part reflects a surge in aircraft demand, a component of the report that often swings sharply from month to month. Orders for nondefense aircraft and parts rose 66.1% in June. Excluding the transportation sector, orders increased 0.8%, the biggest increase since August 2014. Excluding defense, which is a volatile sector, orders increased 3.8%. Orders for nondefense capital goods excluding aircraft rose 0.9%, following a 0.4% decline in May.
Monday’s report suggests that U.S. manufacturers may be rebounding from the challenges presented by a strong dollar, harsh winter weather across much of the country, and a decline in the price of oil, which has depressed spending on mining and oil and gas machinery.
New Webinar: CareerBuilder Staffing and Recruiting Talent Brief
As many as 75% of staffing and recruiting professionals say some of their currently existing talent acquisition and human capital management roles will be completely automated using technology over the next 10 years. Find out how this will impact your business.