Business

Orders for Vehicles, Other Big-Ticket Items Rose in June



Orders for long-lasting goods rose last month, reflecting a pickup in demand despite other signs pointing to a cooling economy.

New orders for durable goods—products meant to last at least three years—rose 1.9% in June to a seasonally adjusted $272.6 billion, the Commerce Department said Wednesday. The increase was seen across most categories, including motor vehicles and military aircraft. Excluding defense, orders were up a more modest 0.4%.



Source link

Leave a Reply

Your email address will not be published.