WASHINGTON (AP) — Business orders for long-lasting manufactured goods shot up by the largest amount on record in July but much of the strength came from a huge surge in demand for commercial aircraft. Outside of transportation, orders actually fell.
Orders for durable goods rose 22.6 percent in July on a seasonally adjusted basis, the largest one-month gain on record, the Commerce Department reported Tuesday. The strength came from a 318 percent increase in orders for civilian aircraft which helped lift orders for transportation equipment by a record 74.2 percent.
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