The WSJ reports:
Long-lasting goods orders in April rose above expectations, primarily pushed forward by a huge surge in civilian airplanes.
Durable-goods orders increased 2.9% to a seasonally adjusted $193.9 billion, the Commerce Department said Wednesday.
Airplane demand pushed the overall gain, which was bigger than the 2.2% expected. Nondefense aircraft and parts surged 228.0% in April.
Outside of the transportation sector, orders for all other durables decreased 1.0% in April. Yet the report contained evidence of the health in the manufacturing sector -- which has been a leader of the U.S. economy's recovery -- and softened fear lurking about what impact the Greek debt crisis might have on U.S. exports into the euro zone.
Durable Goods (April)
Transportation within Durable Goods (April)