St. Paul, MN (September 4, 2019) — According to the US Commerce Department, durable goods orders rose in July thanks to a surge in commercial and defense aircraft.
Orders totaled $250.4 billion, up 2.1 percent from July, according to a monthly report. It was the second straight monthly increase. Orders rose an adjusted 1.8 percent in June.
The overall transportation equipment category gained 7 percent to $86.3 billion. Excluding transportation, new orders fell 0.4 percent. Excluding defense, orders increased 1.4 percent.
Within transportation, aircraft and parts — both commercial and defense — soared.
Orders for commercial aircraft and parts rose 48 percent last month to $10.6 billion. That compares with $7.2 billion in July and $3.6 billion in June
Orders for military aircraft and parts gained 34 percent to $3.6 billion.
Motorized vehicles and parts, also part of transportation, held its own. Orders rose 0.5 percent in July to $62.6 billion.
More information at SME Media: HERE
Matsuura Machinery USA, Inc., located in St. Paul, MN is the U.S. subsidiary of Matsuura Machinery Corporation in Japan. Since 1935, Matsuura has been the forerunner in designing innovative technology and manufacturing solutions to a variety of industries around the globe. Matsuura Machinery USA, Inc. delivers unmatched excellence in 5-axis, vertical, horizontal, linear motor, multi-tasking CNC machine tools and machines with a powder bed metal AM platform with machining capability. Matsuura Machinery USA, Inc. provides the service, applications and technical field support that have always been the Matsuura standard for business.
For more information about Matsuura, please contact: [email protected] or visit: www.matsuurausa.com.