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U.S. durable-goods orders rise 0.8% in June as demand for passenger planes revives

Mount Equity Group Tokyo, Japan > News > Markets > U.S. durable-goods orders rise 0.8% in June as demand for passenger planes revives

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…

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