The numbers: Orders for passenger planes and other long-lasting products rose again in June even as manufacturers grappled with broad shortages of supplies and labor that are preventing a robust U.S. economic recovery from being even stronger.
Orders for durable goods climbed 0.8% last month, the government said Tuesday. Economists polled by the Wall Street Journal had forecast a 2% increase.
The increase fell short of Wall Street expectations mostly because the level of new orders in the prior month was raised. Bookings in May were revised up to show a 3.2% gain instead of 2.3%
A resurgent U.S. economy has ignited an explosion in demand for cars, computers, consumer electronics and all sorts of goods, but it’s created its own problems: Big shortages in both supplies and labor.
These shortages are likely to persist through the end of the year. That could choke off some of the growth…
