Monday, March 30, 2015
FAIRFIELD-SUISUN, CALIFORNIA
99 CENTS

Orders for US durable goods up 0.7 percent in June

By
From page B6 | July 26, 2014 |

WASHINGTON — Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans.

Orders for durable goods increased 0.7 percent in June on a seasonally adjusted basis following a 1 percent decline in May, the Commerce Department reported Friday.

A category viewed as a proxy for business investment plans rose a solid 1.4 percent, recovering after a revised 1.2 percent drop in May. It was the best showing since orders in this core capital goods category rose 4.7 percent in March.

The strength last month came from solid gains in demand for commercial aircraft and machinery. Analysts expect economic activity will strengthen in the second half of the year, helped by stronger factory production.

The 0.7 percent overall increase was in line with economists’ expectations and pushed total orders to $239.9 billion. So far this year, orders are up 3.5 percent over the same period last year.

Analysts were encouraged by the solid rebound in June, saying it should set the stage for further growth in coming months.

“June’s strong orders data and other survey evidence suggest that business investment will continue to grow at a decent rate in the second half of the year,” said Paul Dales, senior U.S. economist at Capital Economics. He said he expects growth would rebound to 3.2 percent in the April-June quarter.

Demand for transportation products rose 0.6 percent, reflecting a big 8.2 percent gain in orders for commercial aircraft which offset a 2.1 percent drop in demand for motor vehicles. The drop in auto demand was expected to be temporary given strong sales of new cars this year.

Orders for machinery rose 2.4 percent while demand for primary metals such as steel increased 0.9 percent.

Orders for computers and related products dropped 13.9 percent but that followed a big 11.5 percent increase in the previous month.

The overall economy went into reverse in the January-March quarter, with output shrinking at an annual rate of 2.9 percent. That reflected in part a severe winter that disrupted U.S. economic activity, from factory production to shopping.

Many economists believe growth rebounded to a rate around 3 percent in the April-June quarter and they are looking for momentum to build even more in the second half of this year.

The optimism is based on a belief that the five-year-old economic recovery is finally gaining traction, with businesses confident enough to step up hiring. That uptick in hiring is expected to power stronger consumer spending and more factory production.

The government reported that factory output increased for a fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture. For the April-June quarter, manufacturing output accelerated to the fastest pace in more than two years and economists are looking for further gains in the months ahead, reflecting strong demand for autos and increased spending by businesses on new equipment.

A surprisingly resilient jobs report for June showed that factories added 16,000 positions, the most in four months, and the average work week for manufacturing employees remained at a post-recession high.

The Institute for Supply Management reported that its closely watched manufacturing index expanded in June for a 13th straight month with broad-based growth across nearly all of the 18 sectors that the index covers.

 

The Associated Press

The Associated Press

LEAVE A COMMENT

Discussion | No comments

The Daily Republic does not necessarily condone the comments here, nor does it review every post. Read our full policy

.

Solano News

2 drivers killed in same area, an hour apart

By Amy Maginnis-Honey | From Page: A1, 16 Comments

 
Easter activities, events abundant

By Susan Hiland | From Page: A1 | Gallery

Christians begin Holy Week with Palm Sunday celebrations

By Amy Maginnis-Honey | From Page: A1, 1 Comment | Gallery

 
My guide to dining out

By Tony Wade | From Page: A2, 5 Comments

Local governments post week’s meeting times

By Susan Hiland | From Page: A3

 
Top young spellers to compete for Solano title

By Glen Faison | From Page: A3

Police investigate shooting off North Texas Street

By Amy Maginnis-Honey | From Page: A3, 11 Comments | Gallery

 
Vallejo police seek leads in weekend homicide

By Amy Maginnis-Honey | From Page: A3

Biz Buzz: Wiseman officer names Perez to key post

By Kevin W. Green | From Page: A10

 
Biz Buzz: Re/Max hires new Realtor

By Susan Hiland | From Page: A10

Biz Buzz: PAL receives donation from glass company

By Susan Hiland | From Page: A10 | Gallery

 
.

US / World

 
Analysis finds unequal pay for women on California Capitol

By The Associated Press | From Page: A3

Songwriter injured in California crash; motorcyclist killed

By The Associated Press | From Page: A3

 
Taylor Swift wins artist of the year at iHeartRadio Awards

By The Associated Press | From Page: A4

Court ruling opens door for federal execution of murderer

By The Associated Press | From Page: A4

 
 
Police: 2 bodies found in NYC building explosion rubble

By The Associated Press | From Page: A5

 
Waving fronds around the world, Christians mark Palm Sunday

By The Associated Press | From Page: A7

Air Canada plane makes hard landing short of Halifax runway

By The Associated Press | From Page: A7

 
Small tsunami generated in Pacific after earthquake

By The Associated Press | From Page: A9

.

Living

Community Calendar: March 30, 2015

By Susan Hiland | From Page: A2

 
Today in History: March 30, 2015

By The Associated Press | From Page: A2

Horoscopes: March 30, 2015

By Holiday Mathis | From Page: B6

 
Parenting: If a father is abusive, a mother must act

By The Washington Post | From Page: B8

 
Horoscopes: March 31, 2015

By Holiday Mathis | From Page: B8

.

Entertainment

TVGrid March 30

By Daily Republic Syndicated Content | From Page: A10

 
TVGrid March 31

By Daily Republic Syndicated Content | From Page: A11

Michelle Obama declares ‘Black Girls Rock!’

By The Associated Press | From Page: A11, 3 Comments

 
.

Sports

 
Spartans Final Four-bound after 76-70 OT win over Louisville

By The Associated Press | From Page: B1

Duke back in Final Four after 66-52 win over Gonzaga

By The Associated Press | From Page: B1

 
Apology for wrong anthem for El Salvador before game in US

By The Associated Press | From Page: B2

Montoya holds off Power to give Penske 1-2 sweep at St. Pete

By The Associated Press | From Page: B2

 
Stanford’s Randle chases school scoring record, title at NIT

By The Associated Press | From Page: B2

Hamlin wins for 25th time, and fifth time at Martinsville

By The Associated Press | From Page: B2

 
Hamlin wins for 25th time, and fifth time at Martinsville

By The Associated Press | From Page: B2

Jimmy Walker wins hometown Texas Open

By The Associated Press | From Page: B2

 
Oakland OF Josh Reddick won’t be ready for start of season

By The Associated Press | From Page: B2

California Chrome heads to Britain, to race at Royal Ascot

By The Associated Press | From Page: B2

 
Vettel wins Malaysian GP to end Mercedes streak

By The Associated Press | From Page: B2

Joe Gibbs on son: most courageous person I’ve been around

By The Associated Press | From Page: B2

 
Chodounsky defends slalom title at US Alpine Championships

By The Associated Press | From Page: B2

South Carolina earns 1st Final Four berth, beats FSU 80-74

By The Associated Press | From Page: B2

 
Turner says Saturday regional finals highest-rated in decade

By The Associated Press | From Page: B2

Graveman pitches into 7th inning as A’s beat Brewers 7-0

By The Associated Press | From Page: B3

 
Cain goes 4 innings in Giants win over LA

By The Associated Press | From Page: B3

.

Business

.

Obituaries

Robert Roberts

By Nancy Green | From Page: A4

 
Janice Jewel Thompson

By Nancy Green | From Page: A4

.

Comics

B.C. March 30

By Daily Republic Syndicated Content | From Page: B5

 
Wizard of Id March 30

By Daily Republic Syndicated Content | From Page: B5

Beetle Bailey March 30

By Daily Republic Syndicated Content | From Page: B5

 
Rose is Rose March 30

By Daily Republic Syndicated Content | From Page: B5

Peanuts March 30

By Daily Republic Syndicated Content | From Page: B5

 
Zits March 30

By Daily Republic Syndicated Content | From Page: B5

Blondie March 30

By Daily Republic Syndicated Content | From Page: B5

 
Pickles March 30

By Daily Republic Syndicated Content | From Page: B5

Get Fuzzy March 30

By Daily Republic Syndicated Content | From Page: B5

 
Sally Forth March 30

By Daily Republic Syndicated Content | From Page: B5

For Better or Worse March 30

By Daily Republic Syndicated Content | From Page: B5

 
Baldo March 30

By Daily Republic Syndicated Content | From Page: B5

Garfield March 30

By Daily Republic Syndicated Content | From Page: B5

 
Dilbert March 30

By Daily Republic Syndicated Content | From Page: B5

Baby Blues March 30

By Daily Republic Syndicated Content | From Page: B5

 
Frank and Ernest March 30

By Daily Republic Syndicated Content | From Page: B5

Sudoku March 30

By Daily Republic Syndicated Content | From Page: B6

 
Bridge March 30

By Daily Republic Syndicated Content | From Page: B6

Word Sleuth March 30

By Daily Republic Syndicated Content | From Page: B6

 
Crossword March 30

By Daily Republic Syndicated Content | From Page: B6

Cryptoquote March 30

By Daily Republic Syndicated Content | From Page: B6

 
Wizard of Id March 31

By Daily Republic Syndicated Content | From Page: B7

Baby Blues March 31

By Daily Republic Syndicated Content | From Page: B7

 
Frank and Ernest March 31

By Daily Republic Syndicated Content | From Page: B7

B.C. March 31

By Daily Republic Syndicated Content | From Page: B7

 
Blondie March 31

By Daily Republic Syndicated Content | From Page: B7

Peanuts March 31

By Daily Republic Syndicated Content | From Page: B7

 
Baldo March 31

By Daily Republic Syndicated Content | From Page: B7

Rose is Rose March 31

By Daily Republic Syndicated Content | From Page: B7

 
Beetle Bailey March 31

By Daily Republic Syndicated Content | From Page: B7

For Better or Worse March 31

By Daily Republic Syndicated Content | From Page: B7

 
Dilbert March 31

By Daily Republic Syndicated Content | From Page: B7

Garfield March 31

By Daily Republic Syndicated Content | From Page: B7

 
Pickles March 31

By Daily Republic Syndicated Content | From Page: B7

Zits March 31

By Daily Republic Syndicated Content | From Page: B7

 
Sally Forth March 31

By Daily Republic Syndicated Content | From Page: B7

Get Fuzzy March 31

By Daily Republic Syndicated Content | From Page: B7

 
Crossword March 31

By Daily Republic Syndicated Content | From Page: B8

Word Sleuth March 31

By Daily Republic Syndicated Content | From Page: B8

 
Bridge March 31

By Daily Republic Syndicated Content | From Page: B8

Sudoku March 31

By Daily Republic Syndicated Content | From Page: B8

 
Cryptoquote March 31

By Daily Republic Syndicated Content | From Page: B8