8/24/2012 9:30:00 AM
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Durable goods orders rose in July but declined excluding transportation orders, the Commerce Department said Friday.
Overall orders for goods mean to last at least three years rose 4.2%. Excluding transportation orders, which tend to be volatile, orders slipped 0.4%.
Orders for motor vehicles and parts improved 13%, while civilian aircraft orders jumped 54%.
Bookings for non-defense capital equipment excluding aircraft fell 3.4%, Bloomberg reported. Economists’ median forecast for overall orders was a 2.5% gain, Bloomberg said.
Durable goods include large items like refrigerators and air conditioners. Trucking is a major beneficiary of durable goods manufacturing, hauling both components and finished goods.
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