US durable goods orders rise faster than expected in June
The increase showed that US manufacturers may be overcoming problems stemming from a stronger dollar and harsh winter weather. During the January-June period, however, new orders declined 2% compared with the same period of 2014.
The report also showed that orders for non-defense aircraft and parts jumped 66.1% in June. Excluding aircraft, orders for nondefense capital goods rose 0.9% following a decline of 0.4% in May.
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