Orders for big-ticket manufactured goods jump 7.3% in June Orders to U.S. factories for big-ticket manufactured goods rose a solid 7.3% in June, the second big monthly gain as manufacturing tries to climb out of a spring slump triggered by the coronavirus pandemicWASHINGTON -- Orders for big-ticket manufactured goods rose a solid 7.3% in June, the second big monthly gain as manufacturing tries to climb out of a spring slump triggered by the coronavirus pandemic. The Commerce Department said Monday that the June gain in durable goods orders, which was better than expected, followed an even bigger 15.1% increase in May. The June increase was led by a 20% gain in the transportation sector as orders for cars, trucks and parts surged 85.7%. Vehicle sales offset a big decline in orders for commercial aircraft as major airlines, operating at vastly reduced capacity, cancel orders for new planes from Boeing in waves. Excluding the volatile transportation sector, orders for durable goods, items expected to last at least three years, rose 3.3%, following a 3.6% gain in May.

Source: ABC News July 27, 2020 12:55 UTC