New orders for manufactured durable goods in July increased $5 billion or 2.1 percent to $250.4 billion, the U.S. Census Bureau announced. The increase, up two consecutive months, followed a 1.8 percent June increase. Excluding transportation, new orders decreased 0.4 percent. Excluding defense, new orders increased 1.4 percent. Transportation equipment, also up two consecutive months, drove the increase, $5.7 billion or 7.0 percent to $86.3 billion.

Shipments of manufactured durable goods in July, down following two consecutive monthly increases, decreased $2.9 billion or 1.1 percent to $254.0 billion. This followed a 1 percent June increase. Transportation equipment, also down following two consecutive monthly increases, led the decrease, $1.8 billion or 2.1 percent to $86.4 billion.

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