Orders for Manufactured Durable Goods for Transportation Hit Record High
August 27, 2014
According to a recent report, orders for durable manufactured goods are up a record 22.6 percent in July. This is the highest percentage on record. The highest demand was in the need for goods to be used for commercial aircraft and transportation. The increase in orders reflects a positive outlook for the economy and manufacturing industry, as it shows the companies are in need of increased product to meet increasing demand. An increase has been seen in the production of motor vehicles, furniture and textiles. Orders outside of the transportation industry have seen a general decrease in demand.
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