Orders for appliances, computers, cars, machinery, metals, and other durable goods made in American factories increased sharply in May, data from the government showed Thursday.
Orders for core capital goods—durable goods excluding aircraft and defense—rose 1.6 percent in May, the Department of Commerce said. Compared with the first five months of last year, orders are up 8.3 percent.
The monthly numbers are adjusted for seasonality but not prices. Year-to-date figures are not seasonally adjusted. The producer price index for private capital equipment rose 0.3 percent from April to May and is up 3.9 percent from a year earlier, suggesting that…
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