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The U.S. Commerce Department released durable goods orders. Durable goods orders jumped 22.6% in July, exceeding expectations for a 7.4% rise, after a 2.7% gain in June. June's figure was revised up from a 1.7% increase. That was the fastest rise and highest level since 1992.
Durable goods orders, excluding transportation, fell 0.8% in July, missing expectations for a 0.5% increase, after a 3.0% gain in June. June's figure was revised up from a 1.9% rise.
Durable goods orders, excluding defence, soared 24.9% in July, after a 0.7% rise in June.
Increasing demand for new aircraft drove the rise. Orders for civilian aircraft soared 318%, while orders for transportation equipment rose 74.2%.
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