New orders for manufactured durable goods in July decreased $16.7 billion or 6.8% to $229.2 billion, the U.S. Department of Commerce announced. This decrease, down three of the last four months, followed a 6.4% June increase. Excluding transportation, new orders increased 0.5%.
“This is about aircraft orders and pretty much nothing else, aircraft being a notoriously volatile area. Airlines do tend to order in batches and that's really all this is,” Forbes reports.