Durable goods orders increase
New orders for manufactured durable goods increased 3.6 percent in May to $231.0 billion, the U.S. Census Bureau announced.
The increased in May followed a 3.6 percent gain in April.
Most of the increase was due to a surge in commercial aircraft orders, which tend to fluctuate sharply from month to month. Businesses also ordered more computers, communications equipment, machinery and metals.
Shipments of manufactured durable goods increased 1.2 percent to $229.7 billion. This followed a 0.6 percent April decrease.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
