Durable goods orders jumped 4% in July, the largest gain in four months, the Commerce Department said Wednesday.
The increase followed a revised 1.3% decline in June, Commerce said.
Economists had expected an increase of 2%, Bloomberg reported.
Excluding volatile transportation orders, bookings for goods meant to last several years increased 0.7%, Commerce 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.
Transport Topics