US new orders for manufactured durable goods surged by $26.1 billion, or 9.9 per cent, to $289.6 billion in July, rebounding from a 6.9 per cent decline in June, according to the US Census Bureau's latest report. This increase was driven by a significant rise in transportation equipment orders, which jumped by $26.4 billion, or 34.8 per cent, to $102.2 billion. However, excluding transportation, new orders experienced a slight decrease of 0.2 per cent. Shipments of durable goods increased by $3.1 billion, or 1.1 per cent, to $291.1 billion, following a 1.2 per cent rise in June. Transportation equipment shipments contributed significantly to this growth, rising by $3.4 billion, or 3.6 per cent, to $99.2 billion. Unfilled orders also grew by $3.3 billion, or 0.2 per cent, reaching $1,386.5 billion, with transportation equipment leading the increase by $3.1 billion, or 0.3 per cent, to $892.4 billion. Inventories of durable goods saw a slight rise of $0.7 billion, or 0.1 per cent, to $529.7 billion, with transportation equipment inventories increasing by $0.2 billion, or 0.1 per cent, to $172.1 billion. In the capital goods sector, nondefense new orders soared by $27.2 billion, or 41.9 per cent, to $92.0 billion, while shipments increased by $4.0 billion, or 4.7 per cent, to $89.6 billion. Defense capital goods saw a modest rise in new orders by $0.2 billion, or 1.2 per cent, to $15.0 billion, with shipments up $0.6 billion, or 4.4 per cent, to $14.7 billion. Revised June data shows total new orders at $564.1 billion, shipments at $588.5 billion, unfilled orders at $1,383.3 billion, and total inventories at $858.8 billion. Attribution: US Census Bureau's latest report Subediting: Y.Yasser
