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Politics : Formerly About Advanced Micro Devices

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From: tejek8/26/2009 10:22:26 AM
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Durable orders jump 4.9% on aircraft bookings

By Rex Nutting

WASHINGTON (MarketWatch) - A doubling in aircraft bookings in July drove orders for new U.S.-made durable goods up by 4.9%, the largest increase in two years, the Commerce Department reported Wednesday. Excluding the 18.4% increase in transportation goods, orders rose 0.8%, the third straight gain and the longest upward streak in four years. Economists surveyed by MarketWatch were looking for a 4% gain in durable-goods orders in July. Shipments for durable goods rose 2% in July after a 0.7% increase in June. Inventories fell 0.8% in July. Orders are down 26% in the first seven months of 2009 compared with the same period last year.
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